FinancialNeuro

Nevro (NVRO) Announces Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Nevro (NVRO) announced its quarterly earnings results on Monday, Nov-9-2015. The company reported $-0.70 Earnings Per Share for the quarter, beating the analyst consensus estimate by $0.05. Analyst had a consensus of $-0.75 EPS. The company had revenue of $15.40 million for the quarter, compared to analysts expectations of $12.45 million.The company’s revenue was up 77.0% compared to the same quarter last year. During the same quarter in the previous year, Nevro posted $-5.96 EPS.

On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange,The officer (Senior VP,Research&Development) of Nevro Corp, Walker Andre sold 4,000 shares at $50.75 on September 17, 2015. The Insider selling transaction had a total value worth of $203,000. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 28.8% of Nevro Corp. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -4.25% . Institutional Investors own 69.41% of Nevro Corp. shares. During last six month period, the net percent change held by insiders has seen a change of -44.87%.

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