Tactile Systems Technology: 2Q Earnings Snapshot
MINNEAPOLIS (AP) _ Tactile Systems Technology Inc. (TCMD) on Monday reported second-quarter earnings of $2.8 million.
The Minneapolis-based company said it had profit of 14 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The medical device maker posted revenue of $45.2 million in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $42.3 million.
Tactile Systems Technology shares have increased 21% since the beginning of the year. In the final minutes of trading on Monday, shares hit $55.15, a climb of 8.5% in the last 12 months.