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Novadaq reports 4Q loss

February 26, 2015
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MISSISSAUGA, Ontario (AP) _ Novadaq Technologies Inc. (NVDQ) on Wednesday reported a loss of $17.6 million in its fourth quarter.

The Mississauga, Ontario-based company said it had a loss of 32 cents per share. Losses, adjusted for non-recurring costs, were 10 cents per share.

The results did not meet Wall Street expectations. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 9 cents per share.

The imaging products maker posted revenue of $13 million in the period.

For the year, the company reported that its loss widened to $24.4 million, or 44 cents per share. Revenue was reported as $46.6 million.

Novadaq expects full-year revenue of $65 million.

Novadaq shares have fallen 2 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $16.28, a decline of 21 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NVDQ at http://www.zacks.com/ap/NVDQ

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Keywords: Novadaq Technologies, Earnings Report

Article source: http://news.yahoo.com/novadaq-reports-4q-loss-233937709.html

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