A slight decline in revenues wasn't enough to prevent Mallinckrodt from posting record earnings in its fiscal third quarter. For the period (end-March 31), the St. Louis-based firm had sales of $659 million, down 3% from the $676.1 million reported last year. Excluding divested businesses, sales increased 1 %, however.
Mallinckrodt had net earnings of $58 million, compared with $54 million in the same period last year. The firm's imaging segment contributed third-quarter sales of $187 million, a 2% decline from the $192 million reported in the third quarter last year. Imaging operating earnings declined from $31 million in 1999 to $23 million.
By AuntMinnie.com staff writersApril 18, 2000
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