Inogen (INGN) Tops Q2 EPS by 21c; Raises Outlook

Inogen (NASDAQ: INGN) reported Q2 EPS of $0.65, $0.21 better than the analyst estimate of $0.44. Revenue for the quarter came in at $97.2 million versus the consensus estimate of $81.98 million.

GUIDANCE:

Inogen sees FY2018 revenue of $340-350 million, versus prior of $310-$320 and the consensus of $323.11 million. Further, the Company is also increasing its full year 2018 GAAP net income and non-GAAP net income guidance range to $45 to $48 million, up from $38 to $41 million, representing growth of 114.3% to 128.5% compared to 2017 GAAP net income of $21.0 million and growth of 57.5% to 67.9% compared to 2017 non-GAAP net income of $28.6 million.

For earnings history and earnings-related data on Inogen (INGN) click here.

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