Goleta-based Inogen beats revenue estimates for first quarter

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Goleta-based Inogen beats revenue estimates for first quarter

By Staff Report / Monday, May 9th, 2016 / Comments Off on Goleta-based Inogen beats revenue estimates for first quarter

Goleta-based Inogen beat revenue estimates and the maker of direct-to-consumer respiratory products reported strong first quarter earnings results May 9.

Inogen reported revenues of $43 million during the first quarter, up from $33.8 million in 2015 and beating analyst estimates of $41.75 million, according to S&P Capital IQ. The company had net income of $2.4 million, up from $1.6 million during the first quarter of last year.

The company had earnings per share of 11 cents, up from 8 cents per share, but slightly missing analyst estimates of 12 cents per share.

• Contact Philip Joens at pjoens@pacbiztimes.com.