U.S. Markets close in 9 mins

Vocera reports 1Q loss

SAN JOSE, Calif. (AP) _ Vocera Communications Inc. (VCRA) on Thursday reported a loss of $6.6 million in its first quarter.

The San Jose, California-based company said it had a loss of 24 cents per share. Losses, adjusted for stock option expense and amortization costs, came to 5 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The hospital mobile communications company posted revenue of $36.3 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $35 million.

For the current quarter ending in July, Vocera expects its results to range from a loss of 8 cents per share to a loss of 3 cents per share.

The company said it expects revenue in the range of $36 million to $38 million for the fiscal second quarter.

Vocera expects full-year earnings in the range of 2 cents to 19 cents per share, with revenue ranging from $154 million to $161 million.

Vocera shares have increased 35 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $24.96, more than doubling 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


Keywords: Vocera Communications, Earnings Report