TransEnterix: 3Q Earnings Snapshot

November 12, 2019 GMT

MORRISVILLE, N.C. (AP) _ TransEnterix Inc. (TRXC) on Tuesday reported a loss of $97.8 million in its third quarter.

The Morrisville, North Carolina-based company said it had a loss of 43 cents per share. Losses, adjusted for one-time gains and costs, came to 9 cents per share.

The maker of surgical robots and medical instruments posted revenue of $2 million in the period, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $4.7 million.

In the final minutes of trading on Tuesday, the company’s shares hit 31 cents. A year ago, they were trading at $3.09.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRXC at https://www.zacks.com/ap/TRXC