CARLSBAD, Calif. (AP) _ SeaSpine Holdings Corp. (SPNE) on Monday reported a loss of $6.6 million in its third quarter.
On a per-share basis, the Carlsbad, California-based company said it had a loss of 24 cents.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 30 cents per share.
The medical technology company posted revenue of $43.2 million in the period.
For the current quarter ending in December, SeaSpine said it expects revenue in the range of $47 million to $48 million.
SeaSpine shares have increased 23% since the beginning of the year. In the final minutes of trading on Monday, shares hit $14.80, an increase of 11% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SPNE at https://www.zacks.com/ap/SPNE