IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Masimo Corp. (MASI) on Tuesday reported a loss of $170.7 million in its first quarter.
On a per-share basis, the Irvine, California-based company said it had a loss of $3.12. Earnings, adjusted for one-time gains and costs, came to $1.36 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.24 per share.
The medical technology company posted revenue of $372 million in the period, which also topped Street forecasts. Five analysts surveyed by Zacks expected $367.3 million.
Masimo expects full-year revenue in the range of $1.5 billion to $1.53 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MASI at https://www.zacks.com/ap/MASI
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