Masimo Corporation Raises FY 2012 Revenue Guidance; Lowers FY 2012 EPS Guidance

Masimo Corporation updated its fiscal 2012 guidance and now expects total revenue of approximately $494 million, including $466 million in product revenue this compares to prior guidance of $458 million in product revenue and $28 million in royalty revenue and $28 million in royalty revenue and expects GAAP earnings per share (EPS) to be approximately $1.11, compared to prior guidance of approximately $1.15. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $485 million and EPS of $1.14 for fiscal 2012.