Analogic Reports Mixed Q3 Results

released its fiscal third-quarter earnings results after the closing bell on Tuesday. The company reported earnings per share that were ahead of analysts' estimates, but sales that fell short of Wall Street expectations. In late trade, the stock was unchanged at $80.31. Analogic reported GAAP net income of the third-quarter of $5.2 million or $0.41 per share, compared to $7.3 million or $0.59 per share, in last year's corresponding quarter. Non-GAAP income was $9.6 million or $0.76 per share, versus $9.4 million or $0.76 per share, in last year's third-quarter. This easily topped analysts' consensus EPS estimates of $0.66. Sales in the quarter were $125.77 million, a 4 percent increase from the $121.7 million that Analogic reported last year. This missed Wall Street sales estimates of $135.98 million.