U.S. markets closed
  • S&P 500

    3,699.12
    +32.40 (+0.88%)
     
  • Dow 30

    30,218.26
    +248.74 (+0.83%)
     
  • Nasdaq

    12,464.23
    +87.05 (+0.70%)
     
  • Russell 2000

    1,892.45
    +43.75 (+2.37%)
     
  • Crude Oil

    46.09
    +0.45 (+0.99%)
     
  • Gold

    1,842.00
    +0.90 (+0.05%)
     
  • Silver

    24.32
    +0.18 (+0.76%)
     
  • EUR/USD

    1.2127
    -0.0022 (-0.18%)
     
  • 10-Yr Bond

    0.9690
    +0.0490 (+5.33%)
     
  • GBP/USD

    1.3438
    -0.0015 (-0.11%)
     
  • USD/JPY

    104.1400
    +0.2800 (+0.27%)
     
  • BTC-USD

    19,326.78
    +119.97 (+0.62%)
     
  • CMC Crypto 200

    365.19
    -14.05 (-3.71%)
     
  • FTSE 100

    6,550.23
    +59.96 (+0.92%)
     
  • Nikkei 225

    26,751.24
    -58.13 (-0.22%)
     

SeaSpine: 3Q Earnings Snapshot

·1 min read

CARLSBAD, Calif. (AP) _ SeaSpine Holdings Corp. (SPNE) on Monday reported a loss of $6.6 million in its third quarter.

On a per-share basis, the Carlsbad, California-based company said it had a loss of 24 cents.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.

The medical technology company posted revenue of $43.2 million in the period.

For the current quarter ending in December, SeaSpine said it expects revenue in the range of $47 million to $48 million.

SeaSpine shares have increased 23% since the beginning of the year. In the final minutes of trading on Monday, shares hit $14.80, an increase of 11% in the last 12 months.

_____

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