AP NEWS
Related topics

IRadimed: 3Q Earnings Snapshot

October 30, 2019 GMT

WINTER SPRINGS, Fla. (AP) _ IRadimed Corp. (IRMD) on Wednesday reported third-quarter earnings of $2.5 million.

The Winter Springs, Florida-based company said it had net income of 20 cents per share. Earnings, adjusted for stock option expense, came to 23 cents per share.

The maker of IV devices that can be used in MRI machines posted revenue of $10 million in the period.

For the current quarter ending in December, iRadimed expects its per-share earnings to range from 19 cents to 21 cents.

The company said it expects revenue in the range of $10.8 million to $11.1 million for the fiscal fourth quarter.

IRadimed expects full-year earnings in the range of 75 cents to 77 cents per share, with revenue ranging from $38.5 million to $38.7 million.

IRadimed shares have fallen 2% since the beginning of the year. The stock has declined 2.5% in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IRMD at https://www.zacks.com/ap/IRMD