PLEASANTON, Calif. (AP) — Natus Medical Inc. (NTUS) on Thursday reported first-quarter net income of $2.4 million, after reporting a loss in the same period a year earlier.
The Pleasanton, California-based company said it had net income of 7 cents per share. Earnings, adjusted for one-time gains and costs, were 16 cents per share.
The maker of medical device for newborn care posted revenue of $114.9 million in the period.
For the current quarter ending in July, Natus Medical expects its per-share earnings to range from 26 cents to 32 cents.
The company said it expects revenue in the range of $112 million to $116 million for the fiscal second quarter.
Natus Medical expects full-year earnings in the range of $1.11 to $1.26 per share, with revenue ranging from $463.5 million to $473.5 million.
Natus Medical shares have increased 27% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $25.55, a rise of 10% in the last 12 months.
