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ANDOVER, Mass. (AP) — ANDOVER, Mass. (AP) — TransMedics Group Inc. (TMDX) on Monday reported a loss of $2.6 million in its first quarter.
The Andover, Massachusetts-based company said it had a loss of 8 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 25 cents per share.
The medical technology company posted revenue of $41.6 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $34.7 million.
TransMedics expects full-year revenue in the range of $160 million to $170 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a TMDX">Zacks stock report on TMDX at https://www.zacks.com/ap/TMDX