Tactile Systems Technology: Q2 Earnings Snapshot

MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Tactile Systems Technology Inc. (TCMD) on Monday reported a loss of $100,000 in its second quarter.

The Minneapolis-based company said it had a loss of less than 1 cent on a per-share basis. Earnings, adjusted for non-recurring costs, were 5 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.

The medical device maker posted revenue of $68.3 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $65.5 million.

Tactile Systems Technology expects full-year revenue in the range of $274 million to $278 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 TCMD at https://www.zacks.com/ap/TCMD