Analogic Corporation (ALOG) Releases Earnings Results, Misses Expectations By $-0.15 EPS

Analogic Corporation (ALOG) announced its most recent quarterly financial results on Wednesday, Sep-21-2016. ALOG reported $1.02 earnings per share for the quarter, missing the analyst consensus estimate by $-0.15. Analysts had a consensus of $1.17. The company posted revenue of $138.10 million in the period, compared to analysts expectations of $139.03 million. ALOG’s revenue was down -10.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.28 EPS.

Analogic Corporation closed down -0.69 points or -0.75% at $91.62 with 92,722 shares getting traded on Tuesday. Post opening the session at $92.31, the shares hit an intraday low of $91.08 and an intraday high of $92.31 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on Sep 20, 2016, Shalabh Chandra (officer ) sold 1,250 shares at $90.50 per share price. According to the SEC, on Sep 19, 2016, James Patrick Ryan (officer ) sold 546 shares at $88.19 per share price. On Aug 24, 2016, James W Green (President/CEO/Director) sold 500 shares at $88.96 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

Leave a Reply

Analogic Corporation - Is it time to Sell?

Top Brokerage Firms are advising their investors on Analogic Corporation. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.