GOLDEN VALLEY, Minn. (AP) — GOLDEN VALLEY, Minn. (AP) — Inspire Medical Systems Inc. (INSP) on Monday reported second-quarter net income of $314,000.
The Golden Valley, Minnesota-based company said it had net income of 1 cent per share. Earnings, adjusted for non-recurring costs and pretax expenses, were 14 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The maker of devices for treating obstructive sleep apnea posted revenue of $200.6 million in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $194.8 million.
Inspire expects full-year earnings in the range of $1.05 to $1.45 per share, with revenue in the range of $835 million to $875 million.
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