Tactile Systems Technology: Q2 Earnings Snapshot

MINNEAPOLIS (AP) _ Tactile Systems Technology Inc. (TCMD) on Monday reported a loss of $4.6 million in its second quarter.

On a per-share basis, the Minneapolis-based company said it had a loss of 23 cents. Losses, adjusted for one-time gains and costs, came to 14 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 16 cents per share.

The medical device maker posted revenue of $59.6 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $56.9 million.

Tactile Systems Technology expects full-year revenue in the range of $235 million to $240 million.

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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 TCMD at https://www.zacks.com/ap/TCMD