ConforMIS: 2Q Earnings Snapshot
Posted August 5, 2020 7:36 pm.
Last Updated August 5, 2020 7:38 pm.
BILLERICA, Mass. (AP) _ ConforMIS Inc. (CFMS) on Wednesday reported a loss of $2.1 million in its second quarter.
The Billerica, Massachusetts-based company said it had a loss of 3 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 13 cents per share.
The medical technology company posted revenue of $19.5 million in the period.
In the final minutes of trading on Wednesday, the company’s shares hit 75 cents. A year ago, they were trading at $1.63.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CFMS at https://www.zacks.com/ap/CFMS
The Associated Press
