Analogic Profit Crushes Estimate, Sales Misses

(RTTNews) - Analogic Corp (ALOG), a medical imaging and aviation security technology company, on Tuesday reported a lower second-quarter net earnings of $9.8 million or $0.78 per share compared with $19.3 million or $1.53 per share last year.

Excluding items, adjusted earnings for the quarter were $1.08 per share compared with $1.17 per share a year ago.

Revenues for the quarter were higher at $133.9 million compared with $141.4 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.88 per share on revenues of $137.6 million for the quarter. Analysts' estimates typically exclude special items.

CEO Jim Green said, "We are maintaining our fiscal 2015 outlook of revenue growing mid-single digits with a 1-2 point improvement in non-GAAP operating margin."