GOLDEN VALLEY, Minn. (AP) — GOLDEN VALLEY, Minn. (AP) — Inspire Medical Systems Inc. (INSP) on Monday reported third-quarter earnings of $9.9 million.
On a per-share basis, the Golden Valley, Minnesota-based company said it had profit of 34 cents. Earnings, adjusted for non-recurring costs, were 38 cents per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for a loss of 15 cents per share.
The maker of devices for treating obstructive sleep apnea posted revenue of $224.5 million in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $220.9 million.
Inspire expects full-year earnings to be 90 cents to $1 per share, with revenue in the range of $900 million to $910 million.
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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 INSP at https://www.zacks.com/ap/INSP
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