Shared-service and fixed-site diagnostic imaging services provider Alliance Imaging, Inc. (AIQ) said Thursday that second quarter profit increased from the year-ago period as revenues rose from the previous year.
The Anaheim, California-based company reported earnings, on a GAAP basis, of $5.12 million or of $0.10 per share, up from $4.78 million or $0.09 per share in the second quarter of 2007.
Four analysts polled by First Call/Thomson Financial expected earnings of $0.09 per share for the quarter.
Revenue rose to 9.9% to $122.8 million from $111.8 million reported last year. The Street expected revenues of $121.47 million.
Year-to-date, earnings dropped to $8.53 million $0.16 per share from $10.45 million or $0.20 per share in the previous year. For the first six months of 2008, revenue advanced to $241.9 million from $221.2 million in the same period of 2007.
The company revised its revenue guidance for 2008 upwards to a range of $486 million-$496 million from its previous outlook of $472 million - $484 million. Analysts currently expect the company to report revenue of $485.37 million for the full year.
AIQ closed Thursday's regular trade at $9.48, up 22 cents from the previous close, on 168,509 shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.