Analogic posts 4Q loss, lower sales

Analogic reports 4th-quarter loss, lower revenue

• On 5:58 pm EDT, Thursday September 24, 2009

PEABODY, Mass. (AP) -- Medical and security imaging equipment maker Analogic Corp. posted a fiscal fourth-quarter loss Thursday, reversing a year-earlier profit as revenue declined.

For the three months ended July 31, the company posted a loss of $285,000, or 2 cents per share, down from a profit of $3.3 million, or 25 cents per share, in the same period a year earlier.

Adjusted earnings were 11 cents per share in the latest quarter.

Revenue fell 16 percent to $98.3 million from $117.1 million.

Analysts, on average, were expecting a profit of 26 cents per share on sales of $94.5 million, according to a poll by Thomson Reuters.

For the full year, the company earned $3.7 million, or 29 cents per share, down 84 percent from a profit of $23.5 million, or $1.77 per share, a year earlier.

Revenue fell 4 percent to $396.1 million from $413.5 million.

"Fiscal 2009 was a challenging year due to the global economic conditions, however market conditions appear to have stabilized," said Jim Green, president and CEO, in a statement.

The company's shares closed up 9 cents at $35.83 before the earnings were issued.