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Masimo: 3Q Earnings Snapshot

·1 min read

IRVINE, Calif. (AP) _ Masimo Corp. (MASI) on Tuesday reported third-quarter earnings of $49.4 million.

The Irvine, California-based company said it had net income of 85 cents per share. Earnings, adjusted for one-time gains and costs, were 80 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The medical technology company posted revenue of $278.1 million in the period.

Masimo expects full-year earnings to be $3.46 per share, with revenue expected to be $1.13 billion.

Masimo shares have risen 59% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $251.18, a climb of 73% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MASI at https://www.zacks.com/ap/MASI