In a March 18 story about K2M Group earnings, The Associated Press erroneously reported that the company had a full-year profit. It had a loss for the year.
A corrected version of the story is below:
Continue Reading Below
K2M Group reports 4Q loss
K2M Group reports fourth-quarter loss but tops expectations
LEESBURG, Va. (AP) — K2M Group Holdings Inc. (KTWO) on Wednesday reported a loss of $11.1 million in its fourth quarter.
The Leesburg, Virginia-based company said it had a loss of 30 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 34 cents per share.
The medical device company posted revenue of $49.3 million in the period.
For the year, the company reported loss of $52.8 million, or $1.65 per share. Revenue was reported as $186.7 million.
K2M Group expects full-year revenue in the range of $214 million to $218 million.
K2M Group shares have declined almost 1 percent since the beginning of the year.
Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KTWO at http://www.zacks.com/ap/KTWO
Keywords: K2M Group, Earnings Report