NuVasive: 3Q Earnings Snapshot

SAN DIEGO (AP) _ NuVasive Inc. (NUVA) on Tuesday reported third-quarter net income of $15.9 million.

The San Diego-based company said it had net income of 30 cents per share. Earnings, adjusted for non-recurring costs, came to 56 cents per share.

The results fell short of Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 63 cents per share.

The spinal device maker posted revenue of $271.3 million in the period, surpassing Street forecasts. Six analysts surveyed by Zacks expected $265.7 million.

NuVasive expects full-year earnings in the range of $2.15 to $2.23 per share, with revenue expected to be $1.11 billion.

NuVasive shares have risen roughly 6 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $61.76, a climb of almost 6 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NUVA at https://www.zacks.com/ap/NUVA