MINNEAPOLIS (AP) — MINNEAPOLIS (AP) — Tactile Systems Technology Inc. (TCMD) on Tuesday reported fourth-quarter net income of $9.7 million.
On a per-share basis, the Minneapolis-based company said it had profit of 40 cents.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 33 cents per share.
The medical device maker posted revenue of $85.6 million in the period, also topping Street forecasts. Four analysts surveyed by Zacks expected $85.4 million.
Tactile Systems Technology expects full-year revenue in the range of $316 million to $322 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TCMD at https://www.zacks.com/ap/TCMD
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