Mindray Medical Q2 Profit Rises - Quick Facts

(RTTNews) - Mindray Medical International Limited (MR) reported that its second quarter net income increased to $62.1 million or $0.51 per share, from $52.0 million or $0.44 per share, last year. Non-GAAP net income for the quarter was $68.2 million or $0.56 per share.

On average, four analysts polled by Thomson Reuters expected the company to report profit per share of $0.47 for the quarter. Analysts' estimates typically exclude special items.

Net revenues rose to $307.2 million, from $267.8 million, last year. Analysts expected revenue of $312.06 million for the quarter. Mindray raised its full year revenue guidance, expecting at least 18% growth over its full year 2012 net revenues. The company maintained its full year 2013 non-GAAP net income guidance, expecting at least 15% growth over its non-GAAP net income for the full year of 2012.