SAN DIEGO (AP) _ NuVasive Inc. (NUVA) on Thursday reported a third-quarter loss of $1.8 million.
The San Diego-based company said it had a loss of 4 cents per share. Earnings, adjusted for stock option expense and non-recurring costs, came to 19 cents per share.
The results missed Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
The spinal device maker posted revenue of $189.9 million in the period, beating Street forecasts. Analysts expected $179.6 million, according to Zacks.
NuVasive expects full-year earnings to be $1.12 per share, with revenue expected to be $755 million.
NuVasive shares have increased 21 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $39.26, an increase of 25 percent in the last 12 months.
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