Spectranetics Q4 Profit Rises, Guides 2014 In Line - Quick Facts

(RTTNews) - Medical devices maker Spectranetics Corp. (SPNC) reported net income for the fourth quarter of $883,000 or $0.02 per share, compared to $673,000 or $0.02 per share in the prior-year quarter.

On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $0.02 per share for the quarter. Analysts' estimates typically exclude special items.

Revenue for the quarter grew 14 percent to $41.92 million from $36.75 million in the same quarter last year. Eight Wall Street analysts had a consensus revenue estimate of $41.01 million for the quarter.

Looking ahead to fiscal 2014, the company expects to report a net loss in a range of $0.07 to $0.12 per share, on projected revenues between $177.5 million and $180.0 million.

Street is currently looking for full-year 2014 loss of $0.07 per share on annual revenues of $178.93 million.