Natus Medical Reports Strong Q1 Earings

Natus Medical BABY reported Q1 earnings Monday, the quarter that ended March 31, 2013.

The company reported earnings of $3.4 million or $0.11 per diluted share, compared to net income of $289,000 or $0.01 per diluted share last year. This reflected an impressive 1076% increase. The company reported non-GAAP earnings of $0.15 per diluted share versus analyst estimates of $0.10, beating by $0.05. Last year's Q1 showed non-GAAP earnings of $0.07 per diluted share.

BABY reported revenue of $85.8 million versus analyst estimates of $83.3 million, and compared to $59.4 million in Q1 last year, up 44%.

BABY opened at $14.39 on Monday.