IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Masimo Corp. (MASI) on Tuesday reported second-quarter profit of $51.3 million.
On a per-share basis, the Irvine, California-based company said it had profit of 94 cents. Earnings, adjusted for one-time gains and costs, came to $1.33 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.
The medical technology company posted revenue of $370.9 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $368.7 million.
Masimo expects full-year revenue in the range of $1.51 billion to $1.54 billion.
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