Contrast and virtual colonoscopy accessory developer E-Z-EM reported a slight uptick in net sales and profit for its fiscal 2007 second quarter.
For the period (end-December 2), the Lake Success, NY-based firm posted net sales from continuing operations of $34.2 million for the quarter, up 1% compared with net sales of $33.8 million for the same quarter of fiscal 2006.
Net earnings from continuing operations for the period also showed growth, with the firm recording a profit of $1.8 million, compared with net earnings from continuing operations for the same period last year of $1.6 million.
The company said that sales in the quarter were driven by CT imaging products, which collectively grew 19% over the prior-year period, and its virtual colonoscopy products, which increased approximately 30% over the prior-year period.
E-Z-EM also reaffirmed its financial guidance for fiscal-year 2007 with net sales estimated to be at least $147 million and net earnings of at least $7.4 million.
By AuntMinnie.com staff writers
January 10, 2007
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