BioTelemetry: 3Q Earnings Snapshot
MALVERN, Pa. (AP) _ BioTelemetry Inc. (BEAT) on Tuesday reported third-quarter net income of $8.3 million.
On a per-share basis, the Malvern, Pennsylvania-based company said it had profit of 23 cents. Earnings, adjusted for non-recurring costs, were 52 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The heart monitoring device maker posted revenue of $111.3 million in the period.
BioTelemetry shares have fallen 28% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $43, a fall of 34% in the last 12 months.