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PONTE VEDRA, Fla. (AP) — PONTE VEDRA, Fla. (AP) — Treace Medical Concepts Inc. (TMCI) on Thursday reported a loss of $15.9 million in its first quarter.
On a per-share basis, the Ponte Vedra, Florida-based company said it had a loss of 25 cents.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.
The orthopedic medical device maker posted revenue of $52.6 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $52 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 TMCI at https://www.zacks.com/ap/TMCI