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Vocera: 2Q Earnings Snapshot

July 25, 2019

SAN JOSE, Calif. (AP) _ Vocera Communications Inc. (VCRA) on Thursday reported a loss of $4.9 million in its second quarter.

The San Jose, California-based company said it had a loss of 16 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 7 cents per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

The hospital mobile communications company posted revenue of $44.8 million in the period, also exceeding Street forecasts. Six analysts surveyed by Zacks expected $43.1 million.

For the current quarter ending in October, Vocera expects its per-share earnings to range from 14 cents to 22 cents.

The company said it expects revenue in the range of $48 million to $52 million for the fiscal third quarter.

Vocera expects full-year earnings in the range of 33 cents to 46 cents per share, with revenue ranging from $182 million to $190 million.

Vocera shares have decreased 28% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $28.16, a decline of 13% in the last 12 months.

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

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