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Masimo gains despite profit slip, issues dividend

Fri, 11/02/2012 - 7:00am
Mass Device

Shares of Masimo gain 2% despite a 7% decrease in 3rd-quarter profits as the company issues a $1-per-share dividend.

Masimo

Masimo (NSDQ:MASI) managed to add more than 2% to its share price yesterday even with a 7% decline in 3rd-quarter profits, perhaps on the strength of a special $1-per-share dividend.

The Irvine, Calif.-based medical device company reported profits of $13.8 million, or 24¢ per share, on sales of $119.1 million during the 3 months ended Sept. 29.

That represents a 14.4% uptick in sales compared with Q3 2011.

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