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GOLDEN VALLEY, Minn. (AP) — GOLDEN VALLEY, Minn. (AP) — Inspire Medical Systems Inc. (INSP) on Tuesday reported fourth-quarter net income of $3.2 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Golden Valley, Minnesota-based company said it had net income of 10 cents.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 54 cents per share.
The maker of devices for treating obstructive sleep apnea posted revenue of $137.9 million in the period, also beating Street forecasts. Five analysts surveyed by Zacks expected $137.7 million.
For the year, the company reported that its loss widened to $44.9 million, or $1.60 per share. Revenue was reported as $407.9 million.
Inspire expects full-year revenue in the range of $560 million to $570 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a INSP">Zacks stock report on INSP at https://www.zacks.com/ap/INSP