Tactile Systems Technology posts 4Q profit
MINNEAPOLIS (AP) — Tactile Systems Technology Inc. (TCMD) on Monday reported fourth-quarter profit of $2.2 million.
The Minneapolis-based company said it had profit of 12 cents per share. Earnings, adjusted for pretax expenses, came to 18 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share.
The medical device maker posted revenue of $34.9 million in the period.
For the year, the company reported profit of $5.9 million, or 31 cents per share. Revenue was reported as $109.3 million.
Tactile Systems Technology expects full-year revenue in the range of $131 million to $133 million.
Tactile Systems Technology shares have risen 12 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $32.42, an increase of 89 percent in the last 12 months.
Couple dies in Inver Grove Heights
mobile home fire
INVER GROVE HEIGHTS, Minn. (AP) — Two people have died in a mobile home fire in the Twin Cities suburb of Inver Grove Heights.
Fire Chief Judy Thill says the blaze broke out just before 8 p.m. Sunday in the Skyline Village mobile home park. A man called 911 to report smoke coming from the home after knocking on the door and getting no answer.
Firefighters used a thermal imaging camera to spot the woman and remove her. The camera also located the man, but the flames were too intense for firefighters to reach him until they could knock down the blaze.
The victims, 32-year-old Tiffany Meyers and 33-year-old David L’heureux, both of Inver Grove Heights, were taken to a hospital, where they were pronounced dead.
The cause of the fire is being investigated.