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BioTelemetry posts 4Q profit

MALVERN, Pa. (AP) _ BioTelemetry Inc. (BEAT) on Wednesday reported fourth-quarter profit of $40.4 million.

The Malvern, Pennsylvania-based company said it had profit of $1.30 per share. Earnings, adjusted for one-time gains and costs, were 23 cents per share.

The heart monitoring device maker posted revenue of $54 million in the period.

For the year, the company reported profit of $53.4 million, or $1.75 per share. Revenue was reported as $208.3 million.

BioTelemetry shares have risen 12 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $24.95, more than doubling 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


Keywords: BioTelemetry, Earnings Report