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Sientra's Q1 Loss Contracts, Revenue Rises; Shares Up After-Hours

05/11/2021 12:33

04:30 PM EDT, 05/11/2021 (MT Newswires) -- Sientra (SIEN) said Tuesday that Q1 non-GAAP net loss was $0.10 per share, compared with a loss of $0.31 per share a year ago.

Analysts polled by Capital IQ had expected a loss of $0.27 per share.

Net sales of $23.2 million rose on the year from $16.9 million. Analysts had projected $18.8 million.

For full year 2021, the company raised its guidance for breast products net sales to $72 million to $76 million, up 31% to 38% from last year and also above its earlier guidance of $70 million to $74 million.

Shares of the company were up nearly 11% in after-hours trading.

Price: 7.36, Change: +0.62, Percent Change: +9.20