Ultrasound vendor Acuson reported second-quarter revenues of $119.8 million, slightly less than the $119.9 million reported in the same period in 1999. The Mountain View, CA-based vendor had net income of $1.4 million during the period (end-July 1), compared with net income of $4.8 million last year.
Earnings per share were below analysts’ expectations, mainly due to price erosion in the U.S. cardiology market and the stronger dollar, which impacted the firm’s international results, according to CEO and chairman Samuel Maslak.
Among the bright spots, Acuson reported sharply higher sales in the quarter of its KinetDx ultrasound PACS product line. Looking ahead, Acuson expects strong revenue growth in the third quarter, followed by strong revenue and earnings growth in the fourth quarter.
In other Acuson news, the firm reported several large system sales. Akron General Health System in Ohio has acquired 18 Sequoia ultrasound scanners, one Cypress echocardiography system, and a KinetDx ultrasound PACS network. Another customer, Brigham and Women’s Hospital in Boston, purchased 16 Sequoia scanners and a KinetDx network.
By AuntMinnie.com staff writers
August 8, 2000
Related Reading
Acuson ships first AcuNav catheter, May 18, 2000
Acuson results slip in Q1, April 27, 2000
Copyright © 2000 AuntMinnie.com
