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Earnings News & Notes

By Cal Biesecker

Tuesday, March 8th, 2016

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Analogic [ALOG] 2Q16 2Q15Sales $127.9M $133.9MNet Inc. ($3.0M, 0.24) $9.8M, 0.78Analogic swung to a loss due to a $13.3 million pre-tax accrual associated with an ongoing inquiry into the company’s Danish medical subsidiary and a $3.1 million pre-tax restructuring charge associated with a previously announced restructuring plan. Excluding these negative adjustments, net income would have been $14.9 million ($1.18 EPS). Sales fell 5% on lower legacy ultrasound probes and timing of security shipments. Revenue in the Security and Detection segment…

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