MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Tactile Systems Technology Inc. (TCMD) on Monday reported a loss of $1.8 million in its first quarter.
On a per-share basis, the Minneapolis-based company said it had a loss of 8 cents.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The medical device maker posted revenue of $75.3 million in the period, topping Street forecasts. Three analysts surveyed by Zacks expected $71.1 million.
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