MASON, Ohio (AP) — AtriCure Inc. (ATRC) on Thursday reported a loss of $7.2 million in its third quarter.

The Mason, Ohio-based company said it had a loss of 22 cents per share. Losses, adjusted for non-recurring gains, were 24 cents per share.

The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.

The medical device maker posted revenue of $49.9 million in the period.

AtriCure expects a full-year loss of 74 cents to 69 cents per share, with revenue in the range of $198 million to $201 million.

AtriCure shares have increased 78 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $32.54, an increase of 53 percent in the last 12 months.

—————

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATRC at https://www.zacks.com/ap/ATRC

Automated Insights

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.