Flir, Maker of Flu Camera, Surges on Profit

Flir Systems doubles its quarterly profit and reaffirms full-year outlook on possible boom of thermal-imaging cameras.
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Thermal-imaging cameras that can scan for swine flu symptoms could well be the next hot commodity -- and one maker of this technology,

Flir Systems

(FLIR) - Get Report

, said on Friday that it doubled its profit in the latest quarter and reaffirmed full-year outlook.

Shares of the company exploded, shooting up 14% to $25.21 in late-day trading.

During the quarter, earnings reached $54.3 million, or 35 cents a share, from $36.5 million, or 24 cents, in the year-ago period. Analysts expected earnings of 30 cents on average.

Revenue jumped 15% to $272 million on greater demand for airborne applications.

Since the end of the quarter, Flir said it has received orders for specialized cameras from customers to detect fevers to help contain the recent outbreak of swine flu. While orders have been modest, there is potential for more in the second quarter and beyond.

The company reaffirmed its full-year outlook in a range of $1.40 to $1.47 a share.

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