Virtual Radiologic (VRAD) Lowers FY08 Outlook Due to Decline in Procedure Counts
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Virtual Radiologic Corp. (Nasdaq: VRAD), today announced that a decline in procedure counts at customer facilities in September has led to lower volumes than previously forecast.
Sees FY08 sales in the range of $102-$104 million, adj-EBITDA of $17.5-$19.2 million and adj-EPS of $0.46-$0.52. The Street estimates for sales and EPS are $109.50 million and $0.72, respectively.
Virtual Radiologic Corporation provides teleradiology services to radiology practices, hospitals, clinics, and diagnostic imaging centers in the United States.
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