IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Masimo Corp. (MASI) on Tuesday reported a loss of $100.4 million in its third quarter.
The Irvine, California-based company said it had a loss of $1.84 per share. Earnings, adjusted to account for discontinued operations and non-recurring costs, were $1.32 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.19 per share.
The medical technology company posted revenue of $371.5 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $366.6 million.
Masimo expects full-year revenue in the range of $1.51 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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