Tactile Systems Technology: Q3 Earnings Snapshot
MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Tactile Systems Technology Inc. (TCMD) on Monday reported third-quarter earnings of $22.3 million.
On a per-share basis, the Minneapolis-based company said it had net income of 94 cents. Earnings, adjusted for non-recurring gains, were 85 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share.
The medical device maker posted revenue of $69.6 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $69.4 million.
Tactile Systems Technology expects full-year revenue in the range of $273 million to $277 million.
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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
