Masimo's Q3 Earnings Rise Y/Y, Healthcare Demand Drives Growth

Masimo Corporation (MAMO) reported a GAAP earnings per share (EPS) of 18 cents, which was slightly lower than the 20 cents reported in the third quarter of 2023. However, the non-GAAP EPS for the third quarter of 2024 was 98 cents, showing an improvement from the 75 cents achieved in the same period of the prior year.  Total revenues for the quarter were $504.6 million, reflecting a year-over-year increase from $478.9 million in the third quarter of 2023. This was divided into healthcare revenues of $343.3 ...