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Shockwave Medical: 1Q Earnings Snapshot

May 12, 2020 GMT

SANTA CLARA, Calif. (AP) _ Shockwave Medical Inc. (SWAV) on Tuesday reported a loss of $18.8 million in its first quarter.

The Santa Clara, California-based company said it had a loss of 59 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 48 cents per share.

The medical device compnay posted revenue of $15.2 million in the period.

Shockwave Medical shares have fallen 6.5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $41.05, a fall of 28% 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 SWAV at https://www.zacks.com/ap/SWAV