Spectranetics Q1 Loss Widens - Quick Facts

(RTTNews) - The Spectranetics Corporation (SPNC) Wednesday said first-quarter loss widened to $5.66 million or $0.14 per share from $959 thousand or $0.03 per share in the same period last year.

On average, five analysts polled by Thomson Reuters expected the company to report a loss of $0.14 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues improved to $39.61 million from $37.68 million last year. Analysts expected sales of $39.91 million.

Looking ahead to the second-quarter, the company has forecast earnings in the range of $0.18 to $0.23 per share, with revenues ranging between $171.5 million and $174.0 million. Analysts currently expect the company to report full-year loss of $0.21 per share.