Analogic Corp. Bottom Line Drops 11% In Q1

(RTTNews) - Analogic Corp. (ALOG) revealed earnings for first quarter that decreased compared to the same period last year.

The company said its profit declined to $6.97 million, or $0.55 per share. This was lower than $7.87 million, or $0.63 per share, in last year's first quarter.

Analysts had expected the company to earn $0.55 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.8% to $114.95 million. This was down from $118.32 million last year.

Analogic Corp. earnings at a glance:

-Earnings (Q1): $6.97 Mln. vs. $7.87 Mln. last year. -Earnings Decline (Y-o-Y): -11.4% -EPS (Q1): $0.55 vs. $0.63 last year. -EPS Decline (Y-o-Y): -12.7% -Analysts Estimate: $0.55 -Revenue (Q1): $114.95 Mln vs. $118.32 Mln last year. -Revenue Change (Y-o-Y): -2.8%