Analogic (ALOG) Tops Q3 EPS by 8c

June 4, 2015 4:17 PM

Analogic (Nasdaq: ALOG) reported Q3 EPS of $1.07, $0.08 better than the analyst estimate of $0.99. Revenue for the quarter came in at $134 million versus the consensus estimate of $132.79 million.

Jim Green, president and CEO, commented, "Our operating performance for the third quarter was inline with our expectations. Overall business revenue grew 10% on a constant currency basis with solid Ultrasound performance in North America and Europe. As expected, our Security business saw very strong growth and our Medical Imaging business remained stable."

Green continued, "For the fourth quarter we see strong revenue growth, driven by double-digit growth in Ultrasound and Security. We expect overall fiscal year revenue to grow 3-4%, with mid-single-digit growth on a constant currency basis and non-GAAP operating margins improving 1-2 points."

ALOG also declared a quarterly dividend of $0.10 per share, or $0.4 annualized.

The dividend will be payable on June 29, 2015, to stockholders of record on June 15, 2015, with an ex-dividend date of June 11, 2015.

The annual yield on the dividend is 0.5 percent.

For earnings history and earnings-related data on Analogic (ALOG) click here.

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