Analogic Q1 Earnings Miss Badly On Customer Delay
Medical and security systems company Analogic (ALOG) was punished in the stock market today after its fiscal Q1 results badly missed Wall Street estimates. Late Monday, the company reported revenue of $110.1 million, down 8% from the year-earlier quarter and some $20 million short of analyst consensus. Earnings unexpectedly plunged 89% to 6 cents a share, where analysts had forecast 87 cents. “There’s a reason we, historically, give guidance only