Nevro: 3Q Earnings Snapshot
REDWOOD CITY, Calif. (AP) _ Nevro Corp. (NVRO) on Wednesday reported a loss of $17.8 million in its third quarter.
The Redwood City, California-based company said it had a loss of 58 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 85 cents per share.
The maker of an electrical implant that treats leg and back pain posted revenue of $100.2 million in the period, which also beat Street forecasts. Six analysts surveyed by Zacks expected $94.3 million.
Nevro expects full-year revenue in the range of $383 million to $386 million.
Nevro shares have more than doubled since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $85.25, more than doubling in the last 12 months.