DURHAM, N.C. (AP) — DURHAM, N.C. (AP) — Bioventus Inc. (BVS) on Tuesday reported a loss of $2.6 million in its first quarter.
On a per-share basis, the Durham, North Carolina-based company said it had a loss of 4 cents. Earnings, adjusted for one-time gains and costs, were 8 cents per share.
The company posted revenue of $123.9 million in the period.
Bioventus expects full-year earnings in the range of 64 cents to 68 cents per share, with revenue in the range of $560 million to $570 million.
Bioventus shares have dropped 33% since the beginning of the year. The stock has climbed 77% in the last 12 months.
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