Analogic Corp. (ALOG) reported second-quarter GAAP net income of $9.8 million, or $0.78 per share, compared to $19.6 million, or $1.59 per share, in the previous year quarter.
Non-GAAP net income for the quarter rose to $13.2 million or $1.05 per share from $12.5 million or $1.02 per share in the year-ago period.
On average, two analysts polled by Thomson Reuters expected the company to report earnings of $0.62 per share. Analysts' estimates typically exclude special items.
Total net revenue for the latest second quarter was $138.55 million, up 10% from $126.43 million in the comparable quarter last year, while two analysts expected revenues of $137.35 million for the second quarter.
Further, Analogic's Board of Directors, on March 7, 2013, declared a $0.10 cash dividend for each common share for its second fiscal quarter ended January 31, 2013. The cash dividend will be payable on April 2, 2013, to shareholders of record on March 22, 2013.
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