Technology solutions company Analogic Corporation (ALOG) reported an overall decline in top and bottom line results for the quarter, hurt by revenue decline, especially in the Medical Imaging segment of 12% year-over-year. Profit dipped 12.9% to $6.54 million.
Revenue for the quarter came in at $129.2 million, down 1.7% year-over-year. On a per share basis, GAAP net income plunged 11.8% to $0.52, while on an adjusted basis, Analogic’s earnings per share jumped 28.2%.
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