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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

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SeaSpine: 4Q Earnings Snapshot

Associated Press
Updated ·1 min read

CARLSBAD, Calif. (AP) _ SeaSpine Holdings Corp. (SPNE) on Monday reported a loss of $10.3 million in its fourth quarter.

On a per-share basis, the Carlsbad, California-based company said it had a loss of 37 cents.

The results fell short of Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 26 cents per share.

The medical technology company posted revenue of $46.4 million in the period.

For the year, the company reported that its loss widened to $43.2 million, or $1.59 per share. Revenue was reported as $154.3 million.

SeaSpine shares have risen 18% since the beginning of the year. In the final minutes of trading on Monday, shares hit $20.55, a climb of 40% in the last 12 months.

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