SAN CLEMENTE, Calif. (AP) — SAN CLEMENTE, Calif. (AP) — ICU Medical Inc. (ICUI) on Thursday reported first-quarter profit of $30.1 million.
On a per-share basis, the San Clemente, California-based company said it had net income of $1.20. Earnings, adjusted for one-time gains and costs, were $1.97 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.78 per share.
The medical device maker posted revenue of $530.2 million in the period. Its adjusted revenue was $525.8 million, also beating Street forecasts. Three analysts surveyed by Zacks expected $519.9 million.
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