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BioTelemetry posts 1Q profit

MALVERN, Pa. (AP) _ BioTelemetry Inc. (BEAT) on Wednesday reported first-quarter profit of $196,000.

On a per-share basis, the Malvern, Pennsylvania-based company said it had profit of 1 cent. Earnings, adjusted for non-recurring costs, were 16 cents per share.

The heart monitoring device maker posted revenue of $55.9 million in the period.

BioTelemetry shares have increased 49 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $33.20, more than doubling in the last 12 months.

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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 BEAT at https://www.zacks.com/ap/BEAT

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Keywords: BioTelemetry, Earnings Report