Cardiovascular Systems (CSII) Misses Q3 EPS by 15c

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Cardiovascular Systems Reports Fiscal 2016 Third-Quarter Financial Results

May 4, 2016 4:06 PM EDT

Conference Call Scheduled for Today, May 4, 2016, at 3:45 PM CT (4:45 PM ET)

Revenues of $44.5 million grew 7% from second quarter of fiscal 2016 Gross margin increased to 80.4% from 77.8% in the prior-year period Cost management reduced operating expenses by 5% from the second quarter of fiscal 2016, excluding one-time costs totaling $12.4 million Further reduction of approximately 7% is expected in fiscal 2016 fourth quarter from the third quarter of this year

ST. PAUL, Minn.--(BUSINESS WIRE)-- Cardiovascular Systems,... More