SANTA CLARA, Calif. (AP) _ Shockwave Medical Inc. (SWAV) on Monday reported a loss of $425,000 in its second quarter.

On a per-share basis, the Santa Clara, California-based company said it had a loss of 1 cent.

The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 41 cents per share.

The medical device compnay posted revenue of $55.9 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $43.6 million.

Shockwave Medical shares have risen 76% since the beginning of the year. The stock has more than tripled 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 SWAV at https://www.zacks.com/ap/SWAV

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