Nevro Q1 Loss Worse than Expected

Nevro’s (NVRO) net loss widened to $0.59 per share in Q1 from $0.50 loss per share a year earlier, sharply worse than analysts’ estimates of $0.33 loss per share.

Revenue rose 28% to $87.6 million from a year ago, missing the $89.32 million estimate.

Nevro reiterated its expectations for revenue for 2018 to be in the range of $400 to $410 million, against the Street consensus of $406 million.

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