September 13, 2012 / 9:37 PM / 5 years ago

Analogic profit beats estimates, shares rise

(Reuters) - Imaging equipment maker Analogic Corp (ALOG.O) reported a quarterly profit above market expectations, helped by a jump in sales at its ultrasound and security technology businesses, sending its shares up 11 percent after the bell.

Sales at the ultrasound segment rose 20 percent to $41.6 million in the fourth quarter while the security technology segment, which makes airport security systems, rose 47 percent to $28.3 million.

The two businesses accounted for nearly half of total revenue.

Net income rose to $12.1 million, or 96 cents per share, from $5.6 million, or 45 cents share, a year earlier.

Excluding special items, the company earned $1.32 per share.

Revenue rose 12 percent to $151 million.

Analysts’ on average had expected earnings of 71 cents per share on revenue of $140.8 million, according to Thomson Reuters I/B/E/S.

Shares of the Peabody, Massachusetts-based company closed at $69.19 on the Nasdaq on Thursday.

Reporting by Tej Sapru in Bangalore; Editing by Don Sebastian

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below