Peabody, Mass.-based Analogic, which late last year announced plans to pursue the sale of the company, posted profits of $6.5 million, or 52¢ per share, on sales of $126.7 million for the three months ended Jan. 31, for a bottom-line slide of -12.8% on a -2.8% sales decline.
Adjusted to exclude one-time items, earnings per share were $1.27, nearly doubling the 69¢ consensus on Wall Street, where analysts were looking for sales of $112.5 million.
President and CEO Fred Parks said the company is still pursuing a strategic sale and won’t issue any guidance.
ALOG shares gained 9.5% in pre-market activity today, rising to $93.00 apiece.
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