PONTE VEDRA, Fla. (AP) — PONTE VEDRA, Fla. (AP) — Treace Medical Concepts Inc. (TMCI) on Tuesday reported a loss of $18.7 million in its first quarter.
On a per-share basis, the Ponte Vedra, Florida-based company said it had a loss of 30 cents.
The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for a loss of 30 cents per share.
The orthopedic medical device maker posted revenue of $51.1 million in the period, surpassing Street forecasts. Four analysts surveyed by Zacks expected $49 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 TMCI at https://www.zacks.com/ap/TMCI
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