Analogic Q4 Net Profit Falls

(RTTNews) - Analogic Corp. (ALOG) reported net income for the fourth quarter of $11.7 million or $0.93 per share, compared to $12.1 million or $0.96 per share for the year-ago quarter.

The latest quarter results include $4.4 million or $0.35 per share, associated with the acquisition of Ultrasonix and restructuring charges.

Excluding items, adjusted net income for the fourth quarter was $19.3 million or $1.53 per share, compared with $16.6 million or $1.32 per share in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to earn $1.01 per share for the fourth quarter. Analysts' estimates typically exclude special items.

Revenue for the fourth quarter rose 10% to $166.2 million from $151.0 million a year ago.