Digirad Corp. (DRAD) Tops Q3 EPS by 4c; Offers FY17 Guidance

Digirad Corp. (NASDAQ: DRAD) reported Q3 EPS of $0.07, $0.04 better than the analyst estimate of $0.03. Revenue for the quarter came in at $28.56 million versus the consensus estimate of $32.11 million.

2017 Financial Guidance

Based on slower capital spending and the expected impact of Philips Healthcare contract cancellation, the Company updated its previously announced fiscal year 2017 financial guidance. The Company expects to generate revenues of approximately $115 to $120 million, non-GAAP adjusted EBITDA of between $9.5 and $10.5 million, adjusted net income per diluted share of between $0.08 and $0.10, and free cash flow of between $5 and $6 million.

For earnings history and earnings-related data on Digirad Corp. (DRAD) click here.

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