Inogen: 2Q Earnings Snapshot
GOLETA, Calif. (AP) _ Inogen Inc. (INGN) on Wednesday reported second-quarter net income of $10.2 million.
On a per-share basis, the Goleta, California-based company said it had profit of 45 cents.
The results fell short of Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share.
The produces oxygen concentrators for patients suffering from chronic respiratory conditions posted revenue of $101.1 million in the period, also falling short of Street forecasts. Six analysts surveyed by Zacks expected $107 million.
Inogen expects full-year revenue in the range of $370 million to $375 million.
Inogen shares have declined 56% since the beginning of the year. The stock has decreased 74% in the last 12 months.