GOLDEN VALLEY, Minn. (AP) _ Inspire Medical Systems Inc. (INSP) on Tuesday reported a loss of $8.2 million in its third quarter.
The Golden Valley, Minnesota-based company said it had a loss of 34 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 43 cents per share.
The maker of devices for treating obstructive sleep apnea posted revenue of $20.9 million in the period.
Inspire expects full-year revenue in the range of $78 million to $79 million.
Inspire shares have increased 43% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $60.56, an increase of 33% in the last 12 months.
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
Automated Insights, source Associated Press News