Zoll Medical Corp. (ZOLL) announced a 30% increase in fourth quarter net income to $8.9 million, compared to $6.8 million last year. On a per share basis, earnings increased 24% to $0.41 from $0.33 last year.
On average, 4 analysts polled by First Call/Thomson Financial expected the company to earn $0.41 per share.
Revenues for the quarter increased 14% to $105.6 million from $92.8 million in the previous year. Analysts were looking for $106.18 million.
For the fiscal year, the company reported a 41% increase in net income to $23.441 million from $16.662 million in the prior year. Earnings per share were $1.10, up 36% from $0.81 last year. Wall Street expected $1.09 per share on revenue of $398.59 million.
Revenues for the fiscal increased 29% to $398.018 million from $309.451 million in the previous year.
Looking forward, Zoll Medical expects earnings growth of approx. 10%, assuming no further change in foreign exchange rates. Analysts are looking for $1.33 per share, with estimates in the range of $1.23-$1.41 per share.
Revenue growth for the fiscal 2009 is expected to be approx.10%. Analysts forecast $434.30 million.
For comments and feedback: editorial@rttnews.com