SAN CLEMENTE, Calif. (AP) 鈥� SAN CLEMENTE, Calif. (AP) 鈥� ICU Medical Inc. (ICUI) on Thursday reported second-quarter profit of $19.1 million.
On a per-share basis, the San Clemente, California-based company said it had profit of 76 cents. Earnings, adjusted for one-time gains and costs, came to $2.37 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.91 per share.
The medical device maker posted revenue of $551.7 million in the period. Its adjusted revenue was $547.9 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $535.4 million.
ICU Medical expects full-year earnings in the range of $8.60 to $9 per share.
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