GOLETA, Calif. (AP) — GOLETA, Calif. (AP) — Inogen Inc. (INGN) on Thursday reported a loss of $6 million in its third quarter.
The Goleta, California-based company said it had a loss of 25 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 51 cents per share.
The produces oxygen concentrators for patients suffering from chronic respiratory conditions posted revenue of $88.8 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $83.7 million.
Inogen expects full-year revenue in the range of $329 million to $331 million.
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