CardioNet Inc. (BEAT) reported second-quarter net income of $1.6 million or $$0.07 per share, compared to a net loss of $1.1 million or $1.13 per share in the same quarter last year.
On a non-GAAP basis, net income for the quarter was $2.0 million or $0.08 per share, compared to a net loss of $1.1 million or $0.36 per share in the year ago quarter. On average, two analysts polled by First Call/Thomson Financial expected earnings of $0.07 per share for the quarter.
Revenues for the quarter increased 68.4% to $29.3 million from $17.4 million in the prior year quarter. Analysts expected the company to report revenue of $28.40 million.
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