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Stock impact report

Nevro's (NVRO) Q1 Earnings and Sales Beat Estimates, Margins Up [Yahoo! Finance]

Nevro Corp. (NVRO) 
Last nevro corp. earnings: 2/25 04:10 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The metric beat the Zacks Consensus Estimate by 31.37%. Revenues in Detail Nevro registered worldwide revenues of $101.9 million in the first quarter, up 5.8% year over year on a reported basis and 5.6% on a constant-currency basis. The year-over-year growth was largely driven by a product mix shift to Nevro's latest generation SCS platform, HFX iQ, as well as an increased number of long-term Nevro patients who are now suitable candidates for replacement devices. The figure topped the Zacks Consensus Estimate by 3.56%. Quarterly Highlights In the quarter under review, international revenues were $14.9 million, up 6.1% year over year on a reported basis and up 4.7% at constant exchange rate (CER). U.S. revenues for the quarter totaled $87 million, up 5.7% year over year. The year-over-year increase was primarily due to the rising adoption of HFX iQ and a higher number of patients who returned to replace their legacy Nevro SCS implant with an updated Nevro device. Total U.S. Show less Read more
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