LEESBURG, Va. – LEESBURG, Va. (AP) _ K2M Group Holdings Inc. (KTWO) on Thursday reported a loss of $8.5 million in its fourth quarter.
On a per-share basis, the Leesburg, Virginia-based company said it had a loss of 21 cents.
The results beat Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The medical device company posted revenue of $54.2 million in the period.
For the year, the company reported profit of $39.2 million, or 97 cents per share. Revenue was reported as $216 million.
K2M Group expects full-year revenue in the range of $246 million to $250 million.
K2M Group shares have declined 35 per cent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $12.76, a decline of 37 per cent 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 KTWO at http://www.zacks.com/ap/KTWO
Keywords: K2M Group, Earnings Report