Analogic revenues, income slide in Q3

By AuntMinnie.com staff writers

June 8, 2006 -- Medical imaging firm Analogic reported third-quarter revenues from continuing operations of $81.3 million, down 4% compared with the $84.6 million from continuing operations reported in the third quarter last year.

For the period (end-April 30), the Peabody, MA-based firm had net income from continuing operations of $2.5 million, compared with net income from continuing operations of $29 million a year ago.

Analogic had realized a pretax gain in the third quarter last year of $43.8 million from the sale of its interest in Cedara Software. In quarterly highlights, medical technology products sales climbed 6%, led by increased shipments of clinical ultrasound scanners, ultrasound subsystems, digital radiography subsystems, and patient monitors, according to the vendor.

Sales of multislice CT data acquisition systems remained near the same level, Analogic said. MRI power amplifier sales were down from last year.

By AuntMinnie.com staff writers
June 8, 2006

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Copyright © 2006 AuntMinnie.com

 
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