GOLDEN VALLEY, Minn. (AP) _ Inspire Medical Systems Inc. (INSP) on Tuesday reported a loss of $16.2 million in its first quarter.
The Golden Valley, Minnesota-based company said it had a loss of 60 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 65 cents per share.
The maker of devices for treating obstructive sleep apnea posted revenue of $40.4 million in the period, also topping Street forecasts. Six analysts surveyed by Zacks expected $37 million.
Inspire expects full-year revenue in the range of $192 million to $196 million.
Inspire shares have climbed 20% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $226.53, more than tripling 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 INSP at https://www.zacks.com/ap/INSP
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