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BioTelemetry: 1Q Earnings Snapshot

MALVERN, Pa. (AP) _ BioTelemetry Inc. (BEAT) on Thursday reported first-quarter net income of $11.7 million.

On a per-share basis, the Malvern, Pennsylvania-based company said it had profit of 32 cents. Earnings, adjusted for one-time gains and costs, were 42 cents per share.

The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 42 cents per share.

The heart monitoring device maker posted revenue of $104 million in the period, falling short of Street forecasts. Three analysts surveyed by Zacks expected $104.3 million.

BioTelemetry expects full-year revenue in the range of $446 million to $450 million.

BioTelemetry shares have dropped almost 1 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $59.23, a rise of 75 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BEAT at https://www.zacks.com/ap/BEAT