NuVasive Slips To Loss In Q1

(RTTNews) - NuVasive, Inc. (NUVA) posted first-quarter net loss attributable to the company of $18.3 million, or $0.40 per share, compared to net income of $851 thousand, or $0.02 per share, in the comparable quarter last year.

Non-GAAP net income for the latest first-quarter was $14.3 million or $0.29 per share. On average, 17 analysts polled by Thomson Reuters expected the company to earn $0.23 per share. Analysts' estimates typically exclude special items.

Revenues for the latest first quarter increased 15.1% to $177.50 million from $159.50 million in the previous year quarter, while 17 analysts expected revenues of $171.34 million for the quarter.

Looking ahead to full year 2014, the company expects loss per share of approximately $0.27, non-GAAP earnings of $1.06 per share and revenues of about $725 million. Analysts currently expect full year 2014 earnings of $1.08 per share on revenues of $727.82 million.