Masimo reported preliminary fully-diluted GAAP earnings between 35¢ and 36¢ per share, which is 5¢ to 6¢ ahead of analysts’ expectations on Wall Street.
The company reported sales of between $155 million and $156 million, beating even the highest analysts’ forecasts by over $5 million, the Irvine, Calif.-based company said.
The company said that $8 million of the revenue for the quarter was from royalties.
A conference call to review Masimo’s full Q2 financial results is slated to take place August 4.
The news boosted Masimo shares, which closed yesterday at $38.68 and spiked to $40.56 as of 1:15 p.m. EST today.