Cardiovascular Systems: Fiscal 2Q Earnings Snapshot

February 5, 2020 GMT

ST. PAUL, Minn. (AP) _ Cardiovascular Systems Inc. (CSII) on Wednesday reported a loss of $3.4 million in its fiscal second quarter.

On a per-share basis, the St. Paul, Minnesota-based company said it had a loss of 10 cents.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The medical device developer posted revenue of $68.3 million in the period, which topped Street forecasts. Four analysts surveyed by Zacks expected $67.9 million.

Cardiovascular Systems expects full-year revenue in the range of $280 million to $283 million.

Cardiovascular Systems shares have dropped almost 8% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $44.87, a rise of 38% in the last 12 months.


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