MASON, Ohio (AP) — MASON, Ohio (AP) — AtriCure Inc. (ATRC) on Wednesday reported a loss of $267,000 in its third quarter.
The Mason, Ohio-based company said it had a loss of 1 cent per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 11 cents per share.
The medical device maker posted revenue of $134.3 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $131.5 million.
AtriCure expects full-year results to range from a loss of 26 cents per share to a loss of 23 cents per share, with revenue in the range of $532 million to $534 million.
AtriCure shares have climbed 15% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $35.26, a climb of 20% in the last 12 months.
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