AP NEWS

Nevro: 4Q Earnings Snapshot

February 25, 2020 GMT

REDWOOD CITY, Calif. (AP) _ Nevro Corp. (NVRO) on Tuesday reported a loss of $13.7 million in its fourth quarter.

The Redwood City, California-based company said it had a loss of 44 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 62 cents per share.

The maker of an electrical implant that treats leg and back pain posted revenue of $114.4 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $110.8 million.

For the year, the company reported that its loss widened to $103.7 million, or $3.37 per share. Revenue was reported as $390.3 million.

Nevro expects full-year revenue in the range of $435 million to $440 million.

Nevro shares have climbed 13% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $132.46, more than tripling in the last 12 months.

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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 NVRO at https://www.zacks.com/ap/NVRO