CytoSorbents: Q1 Earnings Snapshot

MONMOUTH JUNCTION, N.J. (AP) _ CytoSorbents Corp. (CTSO) on Tuesday reported a loss of $4.2 million in its first quarter.

On a per-share basis, the Monmouth Junction, New Jersey-based company said it had a loss of 10 cents.

The results missed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The blood purification therapy company posted revenue of $10.6 million in the period, which also did not meet Street forecasts. Six analysts surveyed by Zacks expected $11.4 million.

CytoSorbents shares have risen 14% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $9.09, a decline of 3% in the last 12 months.


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