Medical device company Masimo closes the year strong with an 18% bump in Q4 sales, but 2012 profits slip 2%.

Masimo (NSDQ:MASI) shares are down more than 1% since the medical device company reported its full-year and 4th-quarter results Feb. 14.

The Irvine, Calif.-based firm finished 2012 strong, reporting profits of $15.0 million, or 26¢ per share, on sales of $132.2 million for the 3 months ended Dec. 31, 2012. That represents an 18% sales bump from the same quarter last year.

For the full year, Masimo reported profits of $62.3 million, or $1.07 per share, on sales of $593.2 million, for a bottom-line slip of 2% compared with 2011.