Business Corpus: Highly Rated Medtech Players Split On Earnings With One Topping ViewsHighly rated medical-technology company Masimo topped third-quarter sales and adjusted profit views late Thursday, while fellow medtech PerkinElmer earned less than expected. The post Highly Rated Medtech Players Split On Earnings With One Topping Views appeared first on Investor's Business Daily.

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Highly rated medical-technology company Masimo (MASI) topped third-quarter sales and adjusted profit views late Wednesday, while fellow medtech PerkinElmer (PKI) earned less than expected.

In after-hours trading on the stock market today, PerkinElmer stock remained flat, after closing at 86.48, up 0.9%. Masimo stock climbed a fraction. Masimo inched up to 115.60 before the closing bell.

Both medtech stocks are highly rated by Investor's Business Daily. PerkinElmer stock has a Composite Rating of 98 and Masimo stock holds a rating of 97.

PerkinElmer Reports Mixed Quarter

For its third quarter, PerkinElmer reported adjusted profit of 90 cents per share on sales of $674.3 million. In the year-earlier period, the medtech player posted adjusted earnings of 73 cents a share and $554.3 million in sales.

Analysts polled by Zacks Investment Research called for PerkinElmer to earn 92 cents a share on an adjusted basis. Analysts also expected $674 million in sales.

For the year, PerkinElmer guided to adjusted earnings of $3.60 per share. Analysts had forecast adjusted earnings of $3.65 per share on $2.78 billion in sales.

Masimo Tops Quarterly Expectations

Masimo reported adjusted income of 71 cents per share on $210.6 million in sales, vs. year-earlier third-quarter adjusted profit of 70 cents a share on $193.7 million in sales.

Analysts expected adjusted earnings of 68 cents a share and $206 million in sales.

For the year, Masimo guided to adjusted earnings of $2.92 and $854 million in total revenue. The consensus called for adjusted earnings of $2.90 per share and $850 million in total revenue.

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The post Highly Rated Medtech Players Split On Earnings With One Topping Views appeared first on Investor's Business Daily.