Softer-than-anticipated MRI scan volumes, the effects of Hurricanes Katrina and Rita, and rising fuel and transportation costs hurt Anaheim, CA-based Alliance Imaging's third-quarter financial performance.
Revenue slipped 3% to $106.2 million, compared with $109.8 million in the third quarter of 2004. Net income dropped to $5 million, compared with $7 million in the same quarter a year ago.
For the first nine months of 2005, revenue decreased 1% to $320.6 million, compared with $324.9 million in the same period of 2004. Net income fell to $17.3 million, down from $23.2 million in the same period of 2004.
By AuntMinnie.com staff writers
November 4, 2005
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Alliance notches positive first quarter, May 3, 2005
Alliance shows gain in Q4 revenue, March 9, 2005
Alliance completes refinancing, December 30, 2004
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