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Steris 4Q Profit Rises On Lighter Costs

Stock quotes in this article: STE  

MENTOR, Ohio (AP) — Medical products maker Steris Corp. said Thursday its fiscal fourth-quarter profit rose 7 percent as lower restructuring costs offset the revenue decline from lower demand.

The company earned $27.8 million, or 47 cents per share, up from profit of $26.1 million, or 42 cents per share, during the same period a year prior. Revenue fell 8 percent to $344.4 million from $375.2 million. The fiscal 2009 fourth quarter and full-year ended March 31.

Analysts polled by Thomson Reuters expected profit of 40 cents per share on revenue of $351.8 million. ...

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