Shockwave Medical: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

SANTA CLARA, Calif. (AP) _ Shockwave Medical Inc. (SWAV) on Thursday reported a loss of $14.7 million in its fourth quarter.

On a per-share basis, the Santa Clara, California-based company said it had a loss of 49 cents.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 50 cents per share.

The medical device compnay posted revenue of $14.3 million in the period.

For the year, the company reported a loss of $51.1 million, or $2.14 per share. Revenue was reported as $42.9 million.

Shockwave Medical expects full-year revenue in the range of $74 million to $77 million.

Shockwave Medical shares have risen slightly more than 8% since the beginning of the year.

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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 SWAV at https://www.zacks.com/ap/SWAV