Fischer reports strong third quarter
X-ray equipment manufacturer Fischer Imaging experienced recordrevenues and improved earnings in the third quarter (end-October). The Denver company's revenues totaled $19.1 million, a jump of23% from third-quarter results a year ago, when Fischer had
X-ray equipment manufacturer Fischer Imaging experienced recordrevenues and improved earnings in the third quarter (end-October).
The Denver company's revenues totaled $19.1 million, a jump of23% from third-quarter results a year ago, when Fischer had salesof $15.5 million. The company reported earnings of $883,000 comparedto a loss of $4.7 million in the third quarter of 1994. Earningsadjustments last year included a $4.3 million write-down for adiscontinued product and other nonrecurring costs, according tothe company.
"Strong third-quarter results confirm our belief that effortsto reduce costs and improve our sales mix are taking hold,"said Morgan Nields, chairman and CEO.
The results occurred despite start-up costs relating to a newtilt-table interventional C-arm system and a 24% increase in R&Dspending, Nields noted.
