U.S. markets open in 8 minutes
  • S&P Futures

    3,853.25
    +44.00 (+1.16%)
     
  • Dow Futures

    31,274.00
    +362.00 (+1.17%)
     
  • Nasdaq Futures

    13,074.50
    +163.50 (+1.27%)
     
  • Russell 2000 Futures

    2,240.30
    +41.10 (+1.87%)
     
  • Crude Oil

    61.72
    +0.22 (+0.36%)
     
  • Gold

    1,736.50
    +7.70 (+0.45%)
     
  • Silver

    27.00
    +0.56 (+2.12%)
     
  • EUR/USD

    1.2055
    -0.0032 (-0.27%)
     
  • 10-Yr Bond

    1.4390
    -0.0210 (-1.44%)
     
  • Vix

    24.87
    -4.02 (-13.91%)
     
  • GBP/USD

    1.3942
    +0.0020 (+0.14%)
     
  • USD/JPY

    106.5800
    +0.0780 (+0.07%)
     
  • BTC-USD

    48,021.04
    +3,251.70 (+7.26%)
     
  • CMC Crypto 200

    963.42
    +30.28 (+3.25%)
     
  • FTSE 100

    6,556.25
    +72.82 (+1.12%)
     
  • Nikkei 225

    29,663.50
    +697.49 (+2.41%)
     

Tactile Systems Technology: 4Q Earnings Snapshot

  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
  • Oops!
    Something went wrong.
    Please try again later.

MINNEAPOLIS (AP) _ Tactile Systems Technology Inc. (TCMD) on Tuesday reported fourth-quarter earnings of $12.1 million.

On a per-share basis, the Minneapolis-based company said it had profit of 61 cents.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.

The medical device maker posted revenue of $59.2 million in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $57.8 million.

For the year, the company reported a loss of $620,000, or 3 cents per share, swinging to a loss in the period. Revenue was reported as $187.1 million.

Tactile Systems Technology shares have climbed 26% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $56.80, a rise of slightly more than 1% 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 TCMD at https://www.zacks.com/ap/TCMD