Masimo Corp (MASI)

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Why is Masimo Corp (MASI) Stock down?

We've noticed a 5.04% decline in Masimo Corp (MASI) stock during the 2023-10-23 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!

18 Jul, 2023:

MASI's stock fell 20% following the release of disappointing preliminary revenue results for the second quarter. The company anticipates revenues of $453 million-$457 million, falling short of the consensus estimate of $553.23 million. Healthcare revenue is expected to be within the $280 million to $282 million range, while non-healthcare revenue is projected to vary from $173 million to $175 million.

https://www.benzinga.com/news/earnings/23/07/33264682/masimo-analysts-cut-their-forecasts-following-preliminary-q2-results