MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Tactile Systems Technology Inc. (TCMD) on Monday reported a loss of $2.2 million in its first quarter.
On a per-share basis, the Minneapolis-based company said it had a loss of 9 cents. Losses, adjusted for non-recurring costs, came to 5 cents per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The medical device maker posted revenue of $61.1 million in the period.
Tactile Systems Technology expects full-year revenue in the range of $300 million to $305 million.
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