TransMedics: Q4 Earnings Snapshot

Associated Press Finance
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ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — TransMedics Group Inc. (TMDX) on Monday reported fourth-quarter net income of $4 million.

The Andover, Massachusetts-based company said it had net income of 12 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 8 cents per share.

The medical technology company posted revenue of $81.2 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $68.2 million.

For the year, the company reported a loss of $25 million, or 77 cents per share. Revenue was reported as $241.6 million.

TransMedics expects full-year revenue in the range of $360 million to $370 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 TMDX at https://www.zacks.com/ap/TMDX

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