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Tactile Systems Technology: 3Q Earnings Snapshot

MINNEAPOLIS (AP) _ Tactile Systems Technology Inc. (TCMD) on Monday reported third-quarter net income of $2.4 million.

The Minneapolis-based company said it had profit of 12 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 12 cents per share.

The medical device maker posted revenue of $49.6 million in the period, which beat Street forecasts. Four analysts surveyed by Zacks expected $45.3 million.

Tactile Systems Technology expects full-year revenue in the range of $186 million to $187 million.

Tactile Systems Technology shares have increased roughly 5% since the beginning of the year. In the final minutes of trading on Monday, shares hit $47.79, a fall of 28% 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 TCMD at https://www.zacks.com/ap/TCMD