BioTelemetry (BEAT) Releases Earnings Results, Beats Expectations By $0.03 EPS

BioTelemetry (BEAT) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $0.20 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.17. The company posted revenue of $52.68 million in the period, compared to analysts expectations of $50.27 million. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.12 EPS.

BioTelemetry closed down -0.06 points or -0.31% at $19.02 with 40,41,176 shares getting traded on Friday. Post opening the session at $19, the shares hit an intraday low of $18.68 and an intraday high of $19.1192 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.


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