Avinger shares dive on Q1 miss

This article was originally published here

AvingerShares in Avinger have fallen over 15% today after the medical device maker missed expectations on Wall Street with its 1st quarter earnings results.

The Redwood City, Calif.-based company posted losses of $15.3 million, or 64¢ per share, on sales of $3.5 million for the 3 months ended March 31, seeing losses shrink 5.1% while sales shrunk by 23.1% compared with the same period in the previous fiscal year.

Read the whole story on our sister site, Medical Design & Outsourcing

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