Volcano Slips To Loss In Q2; Backs FY13 Outlook

(RTTNews) - Volcano Corp. (VOLC) Monday reported second-quarter net loss of $2.4 million or $0.04 per share, compared to net income of $3.3 million or $0.06 per share last year. On average, 13 analysts polled by Thomson Reuters expected the company to report $0.00 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter grew 10 percent to $101.34 million from $95.37 million in the prior-year quarter, while fifteen analysts had a consensus revenue estimate of $97.90 million for the quarter.

Looking ahead to fiscal 2013, the company expects GAAP loss in the range of $0.26 to $0.28 per share and non-GAAP earnings of $0.03 to $0.05 per share. Revenues for the year are anticipated in the range of $394.0 million to $400.0 million. Analysts currently expect the company to earn $0.05 per share for the year, with revenues of $395.89 million.