Volcano Swings To Q4 Loss

(RTTNews) - Volcano Corp. (VOLC) Monday fourth-quarter reported net loss of $20.5 million or $0.38 per share, compared to a net income of $2.5 million or $0.04 per share last year.

Adjusted net loss for the quarter was $15.9 million or $0.29 per share last year.

For the quarter, Volcano reported revenues of $103.3 million compared to $102.5 million last year.

Analysts polled by Thomson Reuters expected the company to report a loss of $0.24 per share on revenues of $103.03 million for the quarter. Analysts' estimates typically exclude special items.

For the full year 2014, the company expects net loss of $0.57 to $0.60 per share, adjusted net loss of $0.16 to $0.19 and revenues of $413.0 million to $421.0 million. Analysts currently estimate earnings of $0.04 per share and revenues of $414.38 million.

For the first quarter, Volcano expects a loss per share of $0.20 to $0.21, adjusted loss per share of $0.11-$0.12 and revenues of $94.0 million to $95.0 million. Analysts currently estimate loss of $0.01 and revenues of $98.37 million.