Masimo Corporation (NASDAQ:MASI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Masimo Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share were the same at $0.30 in the quarter as EPS of $0.30 in the year-earlier quarter.
Revenue: Rose 11.92% to $137.42 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Masimo Corporation reported adjusted EPS income of $0.30 per share. By that measure, the company beat the mean analyst estimate of $0.28. It beat the average revenue estimate of $136.36 million.
Quoting Management: Joe Kiani, Chairman and Chief Executive Officer of Masimo, said, “Our financial performance was strong due to the increase in demand for our breakthrough technologies that have been shown to improve care, reduce cost and increase patient safety. The strong second quarter shipments are indicative of the demand for our innovations.”
Key Stats (on next page)…