Cardiovascular Systems shares fall on disappointing outlook

Cardiovascular Systems Inc. shares dropped in the extended session Wednesday after the medical device company forecast quarterly results below the Wall Street consensus. Cardiovascular Systems shares fell 20% to $13.35. The company reported a preliminary fiscal first-quarter loss of 41 cents to 43 cents a share on revenue of about $43.9 million. Analysts surveyed by FactSet had forecast a loss of 39 cents a share on revenue of $49.4 million.

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