Tornier N.V. Q2 Loss Narrows - Quick Facts

(RTTNews) - Tornier N.V. (TRNX) reported second-quarter net loss of $10.4 million or $0.21 per share, narrower than $12.5 million or $0.28 per share in the comparable quarter last year.

Adjusted net loss for the latest second quarter widened to $9.8 million or $0.20 per share from $6.1 million or $0.14 per share in the prior-year period. On average, eight analysts polled by Thomson Reuters expected the company to report loss per share of $0.16 for the quarter. Analysts' estimates typically exclude special items.

Net sales increased 11.2% to $86.85 million, from $78.14 million, while eleven analysts expected revenue of $79.40 million for the quarter.

Looking ahead to the third quarter, the company expects revenue to be in the range of $70 million to $74 million. Analysts currently expects third quarter revenue of $69.04 million.

For fiscal 2014, revenue is projected to be in the range of $331 to $339 million. Analysts now expect revenue of $323.60 million.