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UPDATE 1-NxStage posts narrower-than-expected quarterly loss
May 5, 2010 / 12:12 PM / 7 years ago

UPDATE 1-NxStage posts narrower-than-expected quarterly loss

* Q1 loss/shr $0.19 vs est loss/shr $0.20

* Net revenue up 20 pct

May 5 (Reuters) - Dialysis products maker NxStage Medical Inc (NXTM.O) posted a narrower-than-expected quarterly loss, helped by strong performance across its home and critical care segments.

For the first quarter, the company posted a net loss of $9.0 million, or 19 cents a share, compared with a net loss of $12.2 million, or 26 cents a share, in the year-ago period.

Analysts were expecting a loss of 20 cents a share, according to Thomson Reuters I/B/E/S.

Total revenue rose 20 percent to $40.4 million, beating analysts’ estimates of $38.81 million. Its home market grew 33 percent while its critical care segment grew 36 percent.

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Shares of NxStage closed at $12.89 Tuesday on Nasdaq. (Reporting by Jennifer Robin Raj in Bangalore; Editing by Ratul Ray Chaudhuri)

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