MASON, Ohio (AP) — MASON, Ohio (AP) — AtriCure Inc. (ATRC) on Tuesday reported a loss of $7.9 million in its third quarter.
On a per-share basis, the Mason, Ohio-based company said it had a loss of 17 cents.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share.
The medical device maker posted revenue of $115.9 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $112.6 million.
AtriCure expects full-year earnings in the range of 74 cents to 80 cents per share, with revenue in the range of $459 million to $462 million.
AtriCure shares have declined 18% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $29.41, a decline of 12% in the last 12 months.
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