Nevro: 2Q Earnings Snapshot
Aug. 02, 2018
REDWOOD CITY, Calif. (AP) _ Nevro Corp. (NVRO) on Thursday reported a loss of $10.6 million in its second quarter.
The Redwood City, California-based company said it had a loss of 35 cents per share.
The results did not meet Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.
The maker of an electrical implant that treats leg and back pain posted revenue of $96.1 million in the period, meeting Street forecasts.
Nevro expects full-year revenue in the range of $385 million to $390 million.
Nevro shares have decreased 14 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $59.20, a fall of 28 percent in the last 12 months.