CARLSBAD, Calif. (AP) _ SeaSpine Holdings Corp. (SPNE) on Tuesday reported a loss of $16.6 million in its first quarter.
On a per-share basis, the Carlsbad, California-based company said it had a loss of 45 cents.
The results missed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 35 cents per share.
The medical technology company posted revenue of $50.7 million in the period, which topped Street forecasts. Eight analysts surveyed by Zacks expected $49 million.
SeaSpine expects full-year revenue in the range of $231 million to $235 million.
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
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