NuVasive Turns To Profit In Q4; Issues FY14 Outlook - Quick Facts

(RTTNews) - NuVasive, Inc. (NUVA) posted fourth-quarter net income attributable to the company of $6.0 million, or $0.13 per share, compared to net loss of $2.7 million, or $0.06 per share, in the comparable quarter last year.

Non-GAAP net income for the latest fourth-quarter was $17.8 million or $0.37 per share. On average, 21 analysts polled by Thomson Reuters expected the company to earn $0.32 per share. Analysts' estimates typically exclude special items.

Revenues for the latest fourth quarter increased 15.1% to $190.81 million from $165.75 million in the previous year quarter, while 21 analysts expected revenues of $181.24 million for the quarter.

Looking ahead to full year 2014, the company expects GAAP earnings of approximately $0.11 per share, non-GAAP earnings of $1.06 per share and revenues of about $725 million. Analysts currently expect full year 2014 earnings of $1.26 per share on revenues of $718.57 million.