MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — CVRx Inc. (CVRX) on Tuesday reported a loss of $13.1 million in its third quarter.
On a per-share basis, the Minneapolis-based company said it had a loss of 57 cents.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 45 cents per share.
The medical device company posted revenue of $13.4 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $13.3 million.
For the current quarter ending in December, CVRx said it expects revenue in the range of $14.5 million to $15.5 million.
The company expects full-year revenue in the range of $50.5 million to $51.5 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 CVRX at https://www.zacks.com/ap/CVRX
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