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Inspire: Q1 Earnings Snapshot
By Ap News - May 07, 2024, 04:27 PM ET
Last Updated - May 07, 2024, 04:27 PM EDT
GOLDEN VALLEY, Minn. (AP) — GOLDEN VALLEY, Minn. (AP) — Inspire Medical Systems Inc. (INSP) on Tuesday reported a loss of $10 million in its first quarter.
The Golden Valley, Minnesota-based company said it had a loss of 34 cents per share.
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The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 63 cents per share.
The maker of devices for treating obstructive sleep apnea posted revenue of $164 million in the period, which also beat Street forecasts. Eight analysts surveyed by Zacks expected $161.6 million.
Inspire expects full-year revenue in the range of $783 million to $793 million.
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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 INSP at https://www.zacks.com/ap/INSP
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