Masimo Announces Preliminary FY23 Revenue Of $2.04B-$2.05B Versus Consensus Of $2.04B, Including Healthcare Revenue Of $1.272B-$1.277B And Non-Healthcare Revenue Of $769M-$774M
Portfolio Pulse from Benzinga Newsdesk
Masimo Corporation has announced preliminary revenue figures for FY23, expecting to report between $2.04B-$2.05B, which aligns with the consensus estimate of $2.04B. The revenue is split between healthcare, projected at $1.272B-$1.277B, and non-healthcare, estimated at $769M-$774M.
January 10, 2024 | 1:09 pm
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Masimo Corporation's preliminary FY23 revenue forecast is in line with analyst consensus, indicating stable financial performance. Healthcare revenue is expected to be over $1.27B, with non-healthcare contributing around $770M.
Masimo's announcement of preliminary revenue figures that meet consensus estimates is likely to be viewed positively by investors, but since the figures are in line with expectations, the short-term impact on the stock price is expected to be neutral. The detailed breakdown between healthcare and non-healthcare revenue provides transparency and may reassure investors about the company's diversified revenue streams.
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IMPORTANCE 75
RELEVANCE 100