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Masimo Q3 Non-GAAP Earnings, Revenue Rise; Full-year Guidance Updated
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Masimo Q3 Non-GAAP Earnings, Revenue Rise; Full-year Guidance Updated
Nov 9, 2024 11:03 AM

04:28 PM EST, 11/05/2024 (MT Newswires) -- Masimo ( MASI ) reported Q3 non-GAAP diluted earnings late Tuesday of $0.98 per share, up from $0.75 a year earlier.

Analysts polled by Capital IQ expected $0.84.

Revenue for the quarter ended Sept. 28 was $504.6 million, up from $478.9 million a year ago.

Analysts surveyed by Capital IQ expected $502.9 million.

The company said it expects Q4 non-GAAP earnings of between $1.35 and $1.50 per diluted share on revenue of $581 million to $611 million.

Analysts polled by Capital IQ expect $1.41 on revenue of $607.6 million.

The company now expects full-year non-GAAP earnings of $3.95 to $4.10 per share on revenue of $2.08 billion to $2.11 billion.

Its prior guidance was $3.80 to $4 per share on revenue of $2.09 billion to $2.14 billion.

Analysts surveyed by Capital IQ expect $3.88 on revenue of $2.10 billion.

Price: 141.09, Change: +0.47, Percent Change: +0.33

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