NuVasive Slips To Q3 Loss, Boosts 2014 Outlook - Quick Facts

(RTTNews) - NuVasive, Inc. (NUVA) posted third-quarter net loss attributable to the company of $1.83 million or $0.04 per share, compared to net income of $7.51 million or $0.16 per share, in the comparable quarter last year.

Excluding items, adjusted net income for the latest quarter was $9.59 million or $0.19 per share. On average, 19 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 12.3 percent to $189.92 million from $169.16 million in the prior-year quarter, while analysts expected revenues of $179.32 million for the quarter.

Looking ahead to fiscal 2014, the company raised its adjusted earnings guidance to about $1.12 per share from the prior forecast of about $1.11 per share, and now projects revenues of about $755 million, up from the previous projection of about $745 million.

Analysts currently expect full-year 2014 earnings of $1.12 per share on revenues of $747.92 million.