News

TransEnterix reports 4th-quarter loss, misses expectations

MORRISVILLE, N.C. (AP) _ TransEnterix Inc. (TRXC) on Thursday reported a loss of $13.6 million in its fourth quarter.

On a per-share basis, the Morrisville, North Carolina-based company said it had a loss of 13 cents.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 12 cents per share.

For the year, the company reported that its loss widened to $46.9 million, or 59 cents per share.

In the final minutes of trading on Thursday, the company’s shares hit $3.20. A year ago, they were trading at $2.81.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TRXC at http://www.zacks.com/ap/TRXC

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Keywords: TransEnterix, Earnings Report