SurModics: Fiscal Q1 Earnings Snapshot

Associated Press Finance
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EDEN PRAIRIE, Minn. (AP) — EDEN PRAIRIE, Minn. (AP) — SurModics Inc. (SRDX) on Thursday reported a loss of $786,000 in its fiscal first quarter.

The Eden Prairie, Minnesota-based company said it had a loss of 6 cents per share. Earnings, adjusted for amortization costs, were less than 1 cent on a per-share basis.

The drug delivery technology company posted revenue of $30.6 million in the period.

SurModics expects full-year results to range from a loss of $1.17 per share to a loss of 87 cents per share, with revenue in the range of $117 million to $121 million.

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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 SRDX at https://www.zacks.com/ap/SRDX

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