NuVasive Q4 Loss Narrows; Provides FY13 Outlook

(RTTNews.com) - NuVasive Inc. ( NUVA ) Tuesday reported fourth-quarter net loss attributable to the company of $2.7 million or $0.06 per share, narrower than $10.0 million or $0.24 per share in the comparable quarter last year.

Adjusted net income for the quarter was $15.0 million or $0.34 per share. On average, 22 analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share for the fourth quarter. Analysts' estimates typically exclude special items.

Revenue for the latest fourth quarter rose 10.4 percent to $165.75 million from $150.19 million last year, while 23 analysts estimate revenues of $156.35 million for the quarter.

For the full year 2013, the company expects earnings of $0.07 per share, adjusted earnings of $1.00 per share, and revenues of $655 million.

Analysts currently estimate earnings of $0.90 per share on revenues of $647.07 million.

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