MASON, Ohio (AP) — MASON, Ohio (AP) — AtriCure Inc. (ATRC) on Tuesday reported a loss of $4.2 million in its fourth quarter.
The Mason, Ohio-based company said it had a loss of 9 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.
The medical device maker posted revenue of $88 million in the period, which met Street forecasts.
For the year, the company reported a loss of $46.5 million, or $1.02 per share, swinging to a loss in the period. Revenue was reported as $330.4 million.
AtriCure expects full-year earnings in the range of $1.14 to $1.19 per share, with revenue in the range of $380 million to $387 million.
AtriCure shares have fallen 11% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $39.52, a decrease of 36% in the last 12 months.
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