Masimo Corporation Fell 12.7% in August -- but Why?

Masimo Corporation Fell 12.7% in August -- but Why?

Shares of Masimo Corporation (NASDAQ: MASI), a medical-device company focused on noninvasive testing equipment, fell by more than 12% in August, according to data from S&P Global Market Intelligence. The cause of the decline isn't entirely clear, because the company reported strong second-quarter results and even raised full-year guidance.

Here's a look back at the headline numbers from the company's second quarter:

Even though Masimo posted great results and raised guidance, its stock still fell about 10% in the trading session following this report.

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Source: Fool.com