Technology company Masimo Corp. (MASI) announced Wednesday select preliminary financial results for the fourth quarter and full-year ended December 30, 2023 and provided estimates for its full-year 2024 guidance.
For the fourth quarter, the company now expects consolidated revenue between $541 million and $551 million, compared to the prior outlook of between $526 million and $576 million.
On average, eight analysts polled by Thomson Reuters expect the company to report revenues of $536.91 million for the quarter.
For fiscal 2023, the company now sees earnings in a range of $1.34 to $1.54 per share and adjusted earnings in a range of $3.39 to $3.59 per share on consolidated revenue between $2.041 billion and $2.051 billion.
Previously, the company expected earnings in a range of $1.34 to $1.54 per share and adjusted earnings in a range of $2.85 to $3.05 per share on consolidated revenue between $2.025 billion and $2.075 billion.
Analysts expected earnings of $2.91 per share on revenues of $2.04 billion for the year.
Looking ahead to fiscal 2024, the company now projects earnings in a range of $1.91 to $2.08 per share and adjusted earnings in a range of $3.44 to $3.60 per share on consolidated revenue between $2.045 billion and $2.165 billion, with Healthcare revenue between $1.345 billion and $1.385 billion as well as Non-healthcare revenue between $700 million and $780 million.
The Street is looking for earnings of $3.08 per share on revenues of $2.09 billion for the year.
For comments and feedback contact: editorial@rttnews.com
Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.