Masimo: 2Q Earnings Snapshot
IRVINE, Calif. (AP) _ Masimo Corp. (MASI) on Wednesday reported second-quarter net income of $43.9 million.
On a per-share basis, the Irvine, California-based company said it had profit of 79 cents. Earnings, adjusted for one-time gains and costs, came to 73 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The medical technology company posted revenue of $211.6 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $208 million.
Masimo expects full-year earnings to be $2.90 per share, with revenue expected to be $850 million.
Masimo shares have risen 18 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $100.06, a rise of roughly 4 percent in the last 12 months.