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Inogen: 1Q Earnings Snapshot

GOLETA, Calif. (AP) _ Inogen Inc. (INGN) on Tuesday reported first-quarter earnings of $5.3 million.

The Goleta, California-based company said it had profit of 24 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.

The produces oxygen concentrators for patients suffering from chronic respiratory conditions posted revenue of $90.2 million in the period, which beat Street forecasts. Five analysts surveyed by Zacks expected $89.2 million.

Inogen expects full-year revenue in the range of $405 million to $415 million.

Inogen shares have declined 27% since the beginning of the year. The stock has decreased 47% 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 INGN at https://www.zacks.com/ap/INGN