Irvine medical device maker Masimo Corp. on Tuesday reported a fourth-quarter profit before taxes that beat Wall Street’s expectations.
Masimo, which makes patient monitoring devices and supplies, posted a profit in the quarter ended Dec. 31 of $14.4 million, prior to a $14.9 million tax charge related to a realignment of its international business.
Analysts expected Masimo to make $9.5 million in the quarter.
After the charge, Masimo posted a net loss of $530,000, compared to a profit of $12.1 million in 2007’s fourth quarter.
Fourth-quarter revenue totaled $83.4 million, up 20% from the year-ago quarter and higher than Wall Street’s estimate of $80.4 million.
Masimo didn’t give a first-quarter forecast, but said it expects a profit of $46.7 million to $49 million on revenue of $352 million to $361 million in 2009.
Analysts expect Masimo to make $45.6 million on revenue of $357.3 million in 2009.
