Analogic Corp. posts Q1 results above the Street
Analogic Corp. (Nasdaq: ALOG), a designer and manufacturer of high-precision health and security imaging equipment, today reported fiscal first-quarter results above Wall Street estimates.
For the first three months ended Oct. 31, the Peabody, Mass.-based company recorded earnings per share of $0.53 per diluted share, above the $0.40 four analysts polled by Thomson were on average forecasting. For the same quarter last year, the small cap booked earning of $0.12 per diluted share.
Revenues were a robust $94.2 million, above the consensus of three analysts polled by Thomson of $87.35 million. Analogic’s current quarter revenues represent an increase of 25% from the $75.6 million booked for the first quarter last year.
Shares of Analogic (ALOG) were halted in pre-market trading.
