Masimo: Q4 Earnings Snapshot

IRVINE, Calif. (AP) — IRVINE, Calif. (AP) — Masimo Corp. (MASI) on Tuesday reported fourth-quarter profit of $34 million.

On a per-share basis, the Irvine, California-based company said it had net income of 63 cents. Earnings, adjusted for non-recurring costs, came to $1.25 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share.

The medical technology company posted revenue of $548.9 million in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $543.9 million.

For the year, the company reported profit of $81.5 million, or $1.51 per share. Revenue was reported as $2.05 billion.

For the current quarter ending in March, Masimo expects its per-share earnings to range from 67 cents to 74 cents.

The company said it expects revenue in the range of $476 million to $501 million for the fiscal first quarter.

Masimo expects full-year earnings in the range of $3.44 to $3.60 per share, with revenue ranging from $2.05 billion to $2.17 billion.

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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