SonoSite (SONO): Shares define bullish 'flag' consolidation

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SonoSite (NASDAQ: SONO) develops, manufactures and distributes hand-carried ultrasound systems for use in various medical specialties and in a range of clinical settings. The firm's devices range in size from small handheld units to laptop-sized systems and allow for point of care analyses where larger, cart-based machines may be too cumbersome. SonoSite systems support work in anesthesia, cardiology, critical and acute care, emergency medicine, OB/Gyn, radiology and surgery. Products are sold through direct sales representatives, third-party distributors and strategic alliances.

The company pleased investors earlier in the week, when it guided Q1 revenues to $52 million and said the company would make a profit. Wall Street had been looking for sales of $49.95 million and a deficit of a penny per share. In discussing the favorable view, the CEO particularly noted growth on the international side.

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