AtriCure: 4Q Earnings Snapshot

MASON, Ohio (AP) _ AtriCure Inc. (ATRC) on Tuesday reported a loss of $18.6 million in its fourth quarter.

On a per-share basis, the Mason, Ohio-based company said it had a loss of 42 cents.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 29 cents per share.

The medical device maker posted revenue of $57.7 million in the period, which also missed Street forecasts. Five analysts surveyed by Zacks expected $57.9 million.

For the year, the company reported that its loss widened to $48.2 million, or $1.14 per share. Revenue was reported as $206.5 million.

For the current quarter ending in April, AtriCure expects its results to range from a loss of 39 cents per share to a loss of 36 cents per share.

The company said it expects revenue in the range of $55 million to $57 million for the fiscal first quarter.

AtriCure expects a full-year loss of $1.15 per share, with revenue expected to be $250 million.

AtriCure shares have risen 12% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $62.25, a rise of 62% in the last 12 months.


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