UPDATE 1-Zoll Medical Q3 profit rises

Thu Jul 24, 2008 12:37pm BST
 
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July 24 (Reuters) - Zoll Medical Corp (ZOLL.O), a maker of resuscitation devices, posted a 33 percent increase in quarterly profit on strong sales in the North American hospital and U.S military segments.

Net income for the third quarter ended June 29 rose to $5.7 million, or 27 cents a share, compared with $4.3. million, or 21 cents a share in the year-ago period. Revenue rose 27 percent to $100.2 million.

Analysts on average expected the company to earn 26 cents a share, and post revenue of $93.3 million, according to Reuters Estimates.

The company said it expects to end the year in line with its previous forecast. In April, it said it expects to post earnings of $1.10 a share for fiscal 2008.

Shares of Zoll closed at $33.79 Wednesday on Nasdaq. (Reporting by Jennifer Robin Raj in Bangalore; Editing by Bernard Orr)

 

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