UPDATE 1-Natus Medical posts quarterly loss, raises FY 2010 view

Thu Apr 29, 2010 8:11am EDT

* Q1 loss $0.01, rev $49.2 mln

* Sees 2010 EPS $0.47-$0.49 vs prior $0.45-$0.47

* Sees 2010 rev $205 mln vs prior $198 mln

April 29 (Reuters) - Natus Medical Inc (BABY.O) posted a quarterly loss, hurt by a higher-than-expected restructuring charge, but said hospital spending is returning to previous levels and raised its 2010 view.

The medical device maker said it saw strong demand in all of its product categories, including a rebound in its domestic neurology business where it shipped numerous large orders.

For the first quarter, the company posted a loss of $303,000, or 1 cent per share, compared with a profit of $787,000, or 3 cents a share, in the year-ago period.

Excluding the restructuring charge, the company said it earned 9 cents a share in the latest quarter. Revenue rose 47 percent to $49.2 million.

Analysts were expecting a profit of 3 cents a share, and revenue of $46.3 million for the quarter, according to Thomson Reuters I/B/E/S.

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Shares of Natus closed at $15.70 Wednesday on Nasdaq. (Reporting by Jennifer Robin Raj in Bangalor; Editing by Jarshad Kakkrakandy)

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