Landauer 4Q Profit Dips, But Meets Street View

GLENWOOD, Ill. (AP) — Radiation monitoring consultant Landauer Inc. on Tuesday reported a fiscal fourth-quarter profit that met analyst expectations, and its shares rose.

The company said its quarterly profit fell 4.3 percent as its expenses grew. It earned almost $5.3 million, or 56 cents per share, during the quarter that ended Sept. 30. That was down from about $5.5 million, or 59 cents per share, during the same period last year.

Revenue rose 2 percent to almost $23 million, from $22.5 million a year earlier.

The per-share profit matched the expectation of analysts surveyed by Thomson Reuters, who were expecting revenue of $22.7 million.

Landauer's selling, general and administrative expenses rose 12 percent to $8.1 million. The increase was driven by increases of about $300,000 each for international patents and trademarks, and for expenses to upgrade its sales computers.

Landauer shares rose $3.97, or 7 percent, to $60.85 in afternoon trading.

For the upcoming fiscal year, the company said it expects revenue to grow 25 percent to 30 percent, mostly from recent acquisitions. It expects net income to rise 4 percent to 8 percent, not counting some fees and the impact of pension changes and management reorganization.

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