NuVasive Q2 Loss Narrows, Boosts 2014 Outlook - Quick Facts

(RTTNews) - NuVasive, Inc. (NUVA) posted second-quarter net loss attributable to the company of $4.09 million or $0.09 per share, narrower than $6.47 million or $0.15 per share, in the comparable quarter last year.

Excluding items, adjusted net income for the latest quarter was $13.61 million or $0.28 per share. On average, 20 analysts polled by Thomson Reuters expected the company to earn $0.25 per share. Analysts' estimates typically exclude special items.

Revenues for the quarter increased 15.1 percent to $190.68 million from $165.70 million in the prior-year quarter, while analysts expected revenues of $177.45 million for the quarter.

Looking ahead to fiscal 2014, the company raised its adjusted earnings guidance to about $1.11 per share from the prior forecast of about $1.06 per share, and now projects revenues of about $745 million, up from the previous projection of about $725 million. Analysts currently expect full-year 2014 earnings of $1.09 per share on revenues of $730.97 million.