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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