U.S. Markets open in 6 hrs 46 mins

Tactile Systems Technology posts 4Q profit

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

The Minneapolis-based company said it had net income of 13 cents per share.

The medical device maker posted revenue of $28.5 million in the period.

For the year, the company reported profit of $2.9 million, or 15 cents per share. Revenue was reported as $84.5 million.

Tactile Systems Technology expects full-year revenue in the range of $101 million to $103 million.

Tactile Systems Technology shares have climbed 5 percent since the beginning of the year.

_____

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

_____

Keywords: Tactile Systems Technology, Earnings Report