MASON, Ohio (AP) — MASON, Ohio (AP) — AtriCure Inc. (ATRC) on Tuesday reported a loss of $6.2 million in its second quarter.
On a per-share basis, the Mason, Ohio-based company said it had a loss of 13 cents. Losses, adjusted for costs related to mergers and acquisitions, were 2 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The medical device maker posted revenue of $136.1 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $130.1 million.
AtriCure expects full-year earnings in the range of 34 cents to 39 cents per share, with revenue in the range of $527 million to $533 million.
AtriCure shares have increased slightly more than 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $31.61, a rise of 44% in the last 12 months.
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