Inogen: 2Q Earnings Snapshot
GOLETA, Calif. (AP) _ Inogen Inc. (INGN) on Tuesday reported second-quarter earnings of $14.6 million.
The Goleta, California-based company said it had profit of 65 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.
The produces oxygen concentrators for patients suffering from chronic respiratory conditions posted revenue of $97.2 million in the period, also exceeding Street forecasts. Five analysts surveyed by Zacks expected $81.6 million.
Inogen expects full-year revenue in the range of $340 million to $350 million.
Inogen shares have risen 79 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $213.26, more than doubling in the last 12 months.