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Cardiovascular Systems: Fiscal Q3 Earnings Snapshot

May 4, 2022 GMT

ST. PAUL, Minn. (AP) _ Cardiovascular Systems Inc. (CSII) on Wednesday reported a loss of $9.7 million in its fiscal third quarter.

On a per-share basis, the St. Paul, Minnesota-based company said it had a loss of 25 cents.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 28 cents per share.

The medical device developer posted revenue of $56.2 million in the period, which missed Street forecasts. Five analysts surveyed by Zacks expected $57.4 million.

Cardiovascular Systems expects full-year revenue in the range of $235 million to $240 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 CSII at https://www.zacks.com/ap/CSII