IRadimed: 2Q Earnings Snapshot

WINTER SPRINGS, Fla. (AP) _ IRadimed Corp. (IRMD) on Tuesday reported second-quarter profit of $1.4 million.

The Winter Springs, Florida-based company said it had profit of 11 cents per share. Earnings, adjusted for stock option expense, were 14 cents per share.

The maker of IV devices that can be used in MRI machines posted revenue of $7.4 million in the period.

For the current quarter ending in October, iRadimed expects its per-share earnings to range from 9 cents to 10 cents.

The company said it expects revenue in the range of $7.4 million to $7.5 million for the fiscal third quarter.

IRadimed expects full-year earnings in the range of 45 cents to 47 cents per share, with revenue ranging from $29.5 million to $30.1 million.

IRadimed shares have increased 51 percent since the beginning of the year. The stock has more than doubled 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