Tactile Systems Technology: 2Q Earnings Snapshot
MINNEAPOLIS (AP) _ Tactile Systems Technology Inc. (TCMD) on Monday reported second-quarter earnings of $2.6 million.
On a per-share basis, the Minneapolis-based company said it had net income of 13 cents. Earnings, adjusted for pretax gains, were 7 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 6 cents per share.
The medical device maker posted revenue of $34.1 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $31.2 million.
Tactile Systems Technology expects full-year revenue in the range of $134 million to $135 million.
Tactile Systems Technology shares have climbed 68 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $48.78, a rise of 72 percent in the last 12 months.