Wednesday May 14, 12:22 PM
Syneron Medical 1Q adj net income handily tops analyst estimates
LONDON (Thomson Financial) - Syneron Medical Ltd. said Wednesday first-quarter net income dipped to $8.3 million, or 30 cents a share from $8.5 million, or 31 cents a share in the same quarter a year ago.
Excluding stock-based
compensation, the company said it would have earned 37 cents a share.
The Israeli-based maker of aesthetic medical devices said revenue for the three-month period rose 5.4% to $34.1 million, due mainly, it said, to the diversification of its business model.
The mean estimates of analysts polled by Thomson Reuters (TRI.TO - news) was for earnings of 30 cents a share on revenue of $34.6 million.
Shares of the Israel-based medical aesthetic device maker closed Tuesday at $15.23.
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