Mindray Medical Q1 Profit Decreases - Quick Facts

(RTTNews) - Mindray Medical International Limited (MR), a leading developer, manufacturer and marketer of medical devices worldwide, reported first quarter net income to shareholders of $32.2 million or $0.27 per share compared to $35.6 million or $0.30 per share, prior year. Adjusted earnings per share was $0.33, for the quarter.

Analysts polled by Thomson Reuters expected the company to report profit per share of $0.36 for the quarter. Analysts' estimates typically exclude special items.

Net revenues increased 2.9% year-over-year to $272.5 million.

Mindray continues to expect full year 2015 net revenues to grow by a mid-single digit percentage over its full year 2014 net revenues. Mindray forecasts full year 2015 non-GAAP net income to decrease by a high-teens percentage over 2014 non-GAAP net income.