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TransEnterix reports 4Q loss

MORRISVILLE, N.C. (AP) _ TransEnterix Inc. (TRXC) on Monday reported a loss of $14 million in its fourth quarter.

The Morrisville, North Carolina-based company said it had a loss of 12 cents per share.

The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.

The maker of surgical robots and medical instruments posted revenue of $53,000 in the period.

For the year, the company reported that its loss widened to $120 million, or $1.07 per share. Revenue was reported as $1.5 million.

In the final minutes of trading on Monday, the company's shares hit $1.29. A year ago, they were trading at $3.53.


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


Keywords: TransEnterix, Earnings Report