![]() ![]() and internationally, for the boost to sales. Shockwave cited increased demand for its products, both in the U.S. That worked out to $0.92 per share in earnings, also unchanged from the year-ago period. Gross margin improved slightly, although a big jump in operating expenses kept net income roughly flat at $35 million. Shockwave reported revenue of $186 million in the third quarter, which was up 42% from year-earlier levels. ![]() The drop came even as the medical device maker reported third-quarter financial results that showed considerable growth in key metrics. Shares of Shockwave Medical were down 17% on Tuesday. Shockwave keeps growing, but investors want more Here's why they didn't support the bullish case. Indeed, even on a positive day, shares of Shockwave Medical (NASDAQ: SWAV) and Melco Resorts (NASDAQ: MLCO) were both down double-digit percentages on Tuesday.
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