Masimo (NSDQ:MASI) stock is up about 5% in value today after the Irvine, Calif.– based maker of noninvasive patient monitoring technologies and sensors reported fourth-quarter results that beat analyst expectations.
Masimo reported yesterday evening that it earned $46.9 million, or 83 cents per share, off $223.1 million in revenue for the quarter ended Dec. 29. Masimo lost $7.7 million, or 15 cents per share, off $207.9 million in revenue for the same quarter a year ago.
Analysts polled by Yahoo! Finance predicted fourth-quarter earnings of 73 cents per share off $219.96 million in revenue.