U.S. Markets closed

Vocera: 1Q Earnings Snapshot

SAN JOSE, Calif. (AP) _ Vocera Communications Inc. (VCRA) on Thursday reported a loss of $11.7 million in its first quarter.

The San Jose, California-based company said it had a loss of 38 cents per share. Losses, adjusted for stock option expense and amortization costs, were 17 cents per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.

The hospital mobile communications company posted revenue of $35.3 million in the period, also beating Street forecasts. Seven analysts surveyed by Zacks expected $34 million.

For the current quarter ending in July, Vocera expects its results to range from a loss of 4 cents per share to earnings of 3 cents per share.

The company said it expects revenue in the range of $41 million to $45 million for the fiscal second quarter.

Vocera expects full-year earnings in the range of 36 cents to 48 cents per share, with revenue ranging from $187 million to $197 million.

Vocera shares have fallen 21 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $31.28, an increase of 25 percent 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 VCRA at https://www.zacks.com/ap/VCRA