UPDATE 1-China Medical's Q4, outlook beat Street view; shares up

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June 12 (Reuters) - Medical device maker China Medical Technologies Inc (CMED.O) posted fourth-quarter results and provided a full-year outlook above Wall Street expectations, sending shares up as much as 19 percent before the opening bell.

The company reported net income of $15 million, or 53 cents per American Depositary Share for the fourth-quarter ended March 31, 2008. Excluding items, the profit was 66 cents per ADS, topping two analysts' average expectation by a penny.

Last year, the China-based maker of in-vitro tests and ultrasound systems earned 44 cents per ADS before items.

Revenue almost doubled to $40.5 million on strong sales in its diagnostics businesses. Analysts expected $36.8 million, according to Reuters Estimates.

The company forecast profit of $2.87 to $2.96 a share excluding items, for fiscal 2008 ending March 31, 2009, again beating analysts' estimates of $2.55 a share.

Revenue for the year is expected to rise by 30 percent to 34 percent to a range of $169.7 million to $175.4 million. Analysts expect $161.9 million.

Shares were up at $38.70, after closing at $33.44 Wednesday on Nasdaq. (Reporting by Varsha Tickoo in Bangalore; Editing by Bernard Orr)