Spectranetics (SPNC) Tops Q4 EPS by 7c

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Go back to Spectranetics (SPNC) Tops Q4 EPS by 7c

Spectranetics Reports Fourth Quarter 2016 Revenue of $71.9 million

February 23, 2017 4:01 PM EST

COLORADO SPRINGS, Colo., Feb. 23, 2017 (GLOBE NEWSWIRE) -- The Spectranetics Corporation (NASDAQ: SPNC) today reported financial results for the three months and year ended December 31, 2016.  Highlights of the quarter, all compared with the three months ended December 31, 2015, include:

Revenue of $71.9 million increased 10% (both as reported and constant currency1)Vascular Intervention revenue of $47.6 million increased 11% (both as reported and constant currency)Lead Management revenue of $19.8 million increased 8% (9% in constant currency)

Net loss for the three months ended December 31, 2016 was $12.6 million, or $0.29 per share, compared with net loss of $10.5... More