ANDOVER, Mass. (AP) _ TransMedics Group Inc. (TMDX) on Wednesday reported a loss of $8.5 million in its second quarter.
The Andover, Massachusetts-based company said it had a loss of 36 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 42 cents per share.
The medical technology company posted revenue of $3.4 million in the period.
TransMedics shares have fallen almost 5% since the beginning of the year. The stock has decreased 17% 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 TMDX at https://www.zacks.com/ap/TMDX
Automated Insights, source Associated Press News