NEW YORK (TheStreet) -- Analogic (ALOG) shares are up 2.56% to $78 in after-hours trading on Tuesday after the technology company released its first quarter earnings results after the closing bell today.
The company reported net income of $3.7 million, or 63 cents per adjusted share, which beat analysts' expectations by 18 cents.
The company also generated $118.3 million in revenue during the quarter, ahead of the $110.1 million the company reported during the same period last year and in line with analysts' expectations for the current period.
TheStreet Ratings team rates ANALOGIC CORP as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate ANALOGIC CORP (ALOG) a BUY. This is driven by a number of strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: ALOG Ratings Report
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