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NxStage Medical Surges Nearly 8% After Beating Wall Street

Thu, 02/28/2013 - 11:30am
Mass Device

NxStage Medical tops Wall Street's forecasts for both sales and losses, sending share prices up nearly 8% today.

NxStage  press release

NxStage Medical (NSDQ:NXTM) shares jumped nearly 8% today after the medical device company reported Wall-Street-beating results for the 4th quarter and 2012.

The Lawrence, Mass.-based medical device company said it pared its 4th-quarter losses by nearly 50%, to $2.4 million or 4¢ per share, on sales of $65.0 million for the 3 months ended Dec. 31, 2012. That amounts to top-line growth of 14.0% compared with Q4 2011.

For the full year, NxStage said losses were $14.6 million or 26¢ per share, down 32.2% compared with 2011.

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