Nevro shares fall as Q3 losses rise

Shares in Nevro (NYSE:NVRO)  fell today after the medical device maker posted third quarter earnings that saw losses grow over 50%. The Redwood City, Calif.-based company posted losses of $6.2 million, or 21¢ per share, on sales of $82.3 million for the 3 months ended September 30, seeing losses grow 60.3% while sales grew 35% compared with the same period during the prior fiscal year. Losses per share were just below of expectations of 22¢ per share, where analysts were expecting to see sales of $80.5 million for the quarter, which the company also topped. The company lifted its revenue expectations for the full year, expecting to see sales between $315 million and $320 million, up from previous expectations of between $310 million and $320 million, according to a press release. Shares in Nevro have fallen 8.2% so far today, at $80.99 as of 1:00 p.m. EST. In August, Nevro saw shares fall despite posting second-quarter revenues that came in well ahead of analysts’ expectations and just beat the company’s own forecast. The post Nevro shares fall as Q3 losses rise appeared first on MassDevice.
Source: Mass Device - Category: Medical Devices Authors: Tags: Business/Financial News MassDevice Earnings Roundup nevro Source Type: news