NORTHRIDGE, Calif. (AP) 鈥� NORTHRIDGE, Calif. (AP) 鈥� Minimed Group Inc. (MMED) on Wednesday reported a loss of $183 million in its fiscal fourth quarter.
The Northridge, California-based company said it had a loss of 68 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 21 cents per share.
The developer and maker of diabetes medical devices posted revenue of $837 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $827.8 million.
For the year, the company reported a loss of $331 million, or $1.29 per share. Revenue was reported as $3.1 billion.
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