GOLETA, Calif. (AP) _ Inogen Inc. (INGN) on Tuesday reported third-quarter profit of $6.9 million.
On a per-share basis, the Goleta, California-based company said it had net income of 31 cents.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 23 cents per share.
The produces oxygen concentrators for patients suffering from chronic respiratory conditions posted revenue of $91.8 million in the period, which also topped Street forecasts. Six analysts surveyed by Zacks expected $91.4 million.
Inogen expects full-year revenue in the range of $370 million to $375 million.
Inogen shares have decreased 52% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $59.32, a fall of 69% in the last 12 months.