Silk Road Medical: Q1 Earnings Snapshot
By AP News
Published - May 09, 2023, 05:21 PM ET
Last Updated - Jun 21, 2023, 09:22 PM EDT
SUNNYVALE, Calif. (AP) — SUNNYVALE, Calif. (AP) — Silk Road Medical Inc. (SILK) on Tuesday reported a loss of $16.5 million in its first quarter.
The Sunnyvale, California-based company said it had a loss of 43 cents per share.
The results fell short of Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 39 cents per share.
The medical device maker posted revenue of $40.1 million in the period, also missing Street forecasts. Four analysts surveyed by Zacks expected $40.8 million.
