Endologix Q4 Loss Narrows, But Stock Down On Weak Outlook

(RTTNews) - Endologix Inc. (ELGX), Thursday reported fourth-quarter net loss of $3.4 million or $0.05 per share, narrower than $6.5 million or $0.11 per share last year.

Adjusted loss for the fourth quarter was $0.1 million or $0.00 per share, compared to a loss of $5.5 million or $0.09 per share last year. On average, 7 analysts polled by Thomson Reuters expected the company to report loss per share of $0.05 for the quarter. Analysts' estimates typically exclude special items.

Global revenues for the fourth quarter increased 21 percent to $35.2 million from $29.2 million last year. Analysts estimated revenues of $35.8 million for the quarter.

Going forward, Endologix anticipates a loss of $0.31 to $0.44 per share and revenues of $146 million to $152 million for 2014. Analysts currently see breakeven per share and revenues of $161.5 million for 2014.