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ConforMIS (CFMS) Stock Surges as Q3 Results Beat Expectations

NEW YORK (TheStreet) -- Shares of ConforMIS (CFMS) were soaring 30.78% to $8.88 on heavy trading volume late Friday afternoon after the company reported better-than-anticipated results for the 2016 third quarter.

After yesterday's closing bell, the Bedford, MA-based medical technology company posted a loss of 31 cents per share on revenue of $18.64 million. Revenue rose 34% year-over-year on a reported basis.

Analysts surveyed by FactSet had projected a loss of 36 cents per share on...