Earnings Snapshot: Cardiovascular Systems $7.9 million fiscal Q2 loss
The St. Paul, Minnesota-based Cardiovascular suffered a loss of 20 cents per share
By AP News
Published - Feb 08, 2023, 06:23 PM ET
Last Updated - Jun 22, 2023, 10:31 PM EDT
ST. PAUL, Minn. (AP) (AP) — CSII" target="_blank">Cardiovascular Systems Inc. (CSII) on Wednesday reported a loss of $ 7.9 million in its fiscal second quarter.
On a per-share basis, St. Paul, Minnesota-based company said it had a loss of 20 cents.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The medical device developer posted revenue of $61.5 million in the period, which also fell short of Street forecasts. Four analysts surveyed by Zacks expected $63.2 million.
