Reuters: Global Markets: HeartWare loss smaller than expected; shares rise

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HeartWare loss smaller than expected; shares rise Apr 29th 2013, 22:04 Mon Apr 29, 2013 6:04pm EDT (Reuters) - Medical device maker HeartWare International Inc (HTWR.O) reported a smaller-than-expected first-quarter loss after sales of its heart pump soared 62 percent, sending its shares up 8 percent after market. Net loss narrowed to $12.9 million, or 87 cents per share, in the quarter ended March 31, from $18.8 million, or $1.33 per share, a year earlier. Net revenue jumped 87 percent to $49.2 million. The company sold 482 HVAD pumps, which received approval from U.S. health regulators in November. Analysts had expected a loss of $1.20 per share on revenue of $39.7 million, according to Thomson Reuters I/B/E/S. HeartWare shares were up at $92.30 in extended trading after closing at $85.42 on the Nasdaq on Monday.

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