Mindray Medical Q2 Profit Decreases - Quick Facts

(RTTNews) - Mindray Medical International Limited (MR) reported that its second-quarter net income decreased to $59.6 million or $0.50 per share from $62.1 million or $0.51 per share, last year. Non-GAAP earnings per share was 0.56, for the quarter. Non-GAAP EPS (ex tax benefit) was $0.54.

On average, three analysts polled by Thomson Reuters expected the company to report profit per share of $0.54 for the quarter. Analysts' estimates typically exclude special items. Net revenues increased to $334.5 million from $307.2 million, prior year. Analysts expected revenue of $348.30 million for the quarter. Net revenues generated in China increased 3.4% year-over-year. Net revenues generated in the international markets increased 13.9% year-over-year. The company now expects its full year 2014 net revenues to grow at least 10% over its full year 2013 net revenues. The company now also anticipates its full year 2014 non-GAAP net income to decrease by a mid-single-digit percentage over its full year 2013 non-GAAP net income.