Medical equipment provider Masimo outperformed EPS expectations by $0.06, reporting $0.77 EPS with a 12.8% YoY revenue decline.
Medical equipment provider Masimo beat earnings expectations by $0.06 EPS, reporting $0.77 EPS for the quarter. The firm had a net margin of 3.98% and a return on equity of 13.77%. Revenue was $492.80 million, down 12.8% YoY, while the company updated its Q2 guidance to $0.73-0.79 EPS and its FY24 guidance to $3.54-3.70 EPS. Shares saw a 21% increase in trading volume following the earnings report.
May 08, 2024
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