Analogic Corp. Q1 Profit Falls 23%

(RTTNews) - Analogic Corp. (ALOG) released earnings for first quarter that decreased from last year.

The company said its earnings came in at $5.37 million, or $0.43 per share. This was lower than $6.97 million, or $0.55 per share, in last year's first quarter.

Analysts had expected the company to earn $0.80 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 5.4% to $121.12 million. This was up from $114.95 million last year.

Analogic Corp. earnings at a glance:

-Earnings (Q1): $5.37 Mln. vs. $6.97 Mln. last year. -Earnings Decline (Y-o-Y): -23.0% -EPS (Q1): $0.43 vs. $0.55 last year. -EPS Decline (Y-o-Y): -21.8% -Analysts Estimate: $0.80 -Revenue (Q1): $121.12 Mln vs. $114.95 Mln last year. -Revenue Change (Y-o-Y): 5.4%