News

Novadaq Technologies reports 1st-quarter loss but tops expectations

MISSISSAUGA, Ont. – MISSISSAUGA, Ontario (AP) _ Novadaq Technologies Inc. (NVDQ) on Wednesday reported a loss of $7 million in its first quarter.

On a per-share basis, the Mississauga, Ontario-based company said it had a loss of 14 cents.

The results surpassed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 18 cents per share.

The imaging products maker posted revenue of $17.7 million in the period, matching Street forecasts.

Novadaq shares have fallen 2 per cent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $12.49, an increase of 1 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 NVDQ at http://www.zacks.com/ap/NVDQ

_____

Keywords: Novadaq Technologies, Earnings Report