Shares in Avinger (NSDQ:AVGR) dropped today after the medical device maker missed expectations on Wall Street with its 4th quarter results.
The Redwood City, Calif.-based company posted losses of -$13.5 million, or -58¢ per share, on sales of $4.7 million for the 3 months ended Dec. 31, for bottom-line loss of -0.3% on sales growth of 64% compared with the same period last year.
Adjusted to exclude 1-time items, earnings per share were -58¢, behind consensus on The Street, where analysts were looking for sales of $5.1 million.
