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IRadimed: 1Q Earnings Snapshot

WINTER SPRINGS, Fla. (AP) _ IRadimed Corp. (IRMD) on Tuesday reported first-quarter profit of $1.8 million.

On a per-share basis, the Winter Springs, Florida-based company said it had net income of 15 cents. Earnings, adjusted for pretax gains, came to 13 cents per share.

The maker of IV devices that can be used in MRI machines posted revenue of $8.4 million in the period.

IRadimed expects full-year earnings in the range of 69 cents to 73 cents per share, with revenue in the range of $38.5 million to $39.5 million.

IRadimed shares have increased 19% since the beginning of the year. The stock has risen 83% 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 IRMD at https://www.zacks.com/ap/IRMD