Analogic Corporation (ALOG) Releases Earnings Results, Misses Expectations By $-0.08 EPS

Analogic Corporation (ALOG) reported quarterly earnings results on Wednesday, Jun-1-2016. The company reported $0.80 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $0.88. The company posted revenue of $127.98 million in the period, compared to analysts expectations of $127.30 million. The company’s revenue was down -4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.07 EPS.

Many Wall Street Analysts have commented on Analogic Corporation. Sidoti Initiated Analogic Corporation on Mar 24, 2016 to “Neutral”, Price Target of the shares are set at $81.

Analogic Corporation opened for trading at $84.01 and hit $84.01 on the upside on Friday, eventually ending the session at $82.55, with a gain of 0.87% or 0.71 points. The heightened volatility saw the trading volume jump to 89,625 shares. Company has a market cap of $1,025 M.

In a different news, on May 24, 2016, James W Green (President/CEO/Director) sold 500 shares at $81.55 per share price. According to the SEC, on May 17, 2016, Shalabh Chandra (officer ) sold 1,250 shares at $80.00 per share price. On May 17, 2016, James Patrick Ryan (SVP, Global Operations) sold 500 shares at $79.48 per share price, according to the Form-4 filing with the securities and exchange commission.

Analogic Corporation designs manufactures and commercializes guidance diagnostic imaging and threat detection technologies to advance the practice of medicine and save lives. The Company operates through three business segments: Medical Imaging Ultrasound and Security and Detection. The Company’s Medical Imaging segment provides medical imaging systems and subsystems for computed tomography (CT) magnetic resonance imaging (MRI) and high-resolution digital mammography. Its Ultrasound segment provides ultrasound guidance systems for the urology and surgery markets and sells its ultrasound products under the BK Ultrasound brand. The Company’s Security and Detection segment designs and manufactures automated threat detection systems for aviation baggage inspection applications utilizing medical CT technology and systems used for deoxyribonucleic acid (DNA) analysis for law enforcement and government agencies.

Analogic Corporation

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