Q3 Results of Masimo Corp. Surprises Analysts
Masimo Corp., which is an Irvine-based maker of medical devices, has reported its third-quarter earnings and sales on Tuesday. The sales and revenue of the company have beaten the expectations of the analysts on Wall Street. The company is into making monitoring devices and supplies for the patients.
Masimo Corp. reported a profit of $13.1 million, which was though down from the last year by 1%. The analysts were hoping for a Q3 profit of $12.6 million. This marked a 12% high from the previous year’s profits. The revenue also rose to $75.1 million that marked a 14% growth from the previous year’s revenue. The third-quarter results have completely surprised the Wall Street analysts.
For the fourth quarter, the company didn’t present any outlook at this point of time.







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