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%.
Most Popular
United Parcel Service (UPS) seems on track to regain lost strength
Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic
IPO Alert: What to look for when Boundless Bio goes public
Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.
Nike (NKE) bets on innovation and partnerships to return to high growth
Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company