Mindray Medical International Limited (MR) announced that its third-quarter net income increased 55.2% to $43.4 million from $28.0 million in the third quarter of 2008. Earnings per share for the quarter were $0.38, compared to $0.24 in the third quarter of 2008.
Non-GAAP net income increased 11.0% year-over-year to $37.4 million from $33.7 million in the third quarter of 2008. Non-GAAP earnings per share were $0.33, compared to $0.29 in the third quarter of 2008.
Net revenues of $151.1 million for the third quarter of 2009, a 3.1% increase from $146.5 million in the third quarter of 2008.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.27 per share on revenues of $154.98 million for the quarter. Analysts' estimates typically exclude special items.
Mindray now expects 2009 net revenue to grow at a rate of 10% to 13% year-over-year ,and Non-GAAP EPS to grow slightly more than 10% over 2008. Analysts expect the company to report earnings of $1.11 per share on revenues of $622.11 million for fiscal 2009.
Earlier, the company had expect fiscal 2009 non-GAAP earnings per share growth of 10%, with revenue growth expected to improve nearly 10% over last year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.