NuVasive: 2Q Earnings Snapshot
Posted August 4, 2020 4:12 pm.
Last Updated August 4, 2020 4:25 pm.
SAN DIEGO (AP) _ NuVasive Inc. (NUVA) on Tuesday reported a second-quarter loss of $50 million, after reporting a profit in the same period a year earlier.
The San Diego-based company said it had a loss of 98 cents per share. Losses, adjusted for one-time gains and costs, came to 40 cents per share.
The results exceeded Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for a loss of 49 cents per share.
The spinal device maker posted revenue of $203.6 million in the period.
NuVasive shares have declined 30% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $53.83, a drop of 18% in the last 12 months.
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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 NUVA at https://www.zacks.com/ap/NUVA
The Associated Press
