NightHawk Radiology Holdings, Inc. Announces Strong Second Quarter 2007 Results
biz.yahoo.com
Wednesday July 25, 4:02 pm ET
Revenue Grows 66%, Company Raises 2007 Guidance and Provides 2008 Outlook
COEUR D'ALENE, Idaho, July 25 /PRNewswire-FirstCall/ -- NightHawk Radiology Holdings, Inc. (Nasdaq: NHWK), the leading provider of radiology solutions to radiology groups across the United States, today announced financial results for its second quarter ended June 30, 2007. Revenue grew 66% to $37.9 million for the second quarter of 2007 from $22.9 million in the second quarter of 2006. The company experienced robust year-over-year organic revenue growth of 27%. In addition, the company delivered solid growth in its daytime finals service offering, with that offering and other new service lines accounting for 11% of revenues in the quarter. Importantly, the company raised its full year 2007 guidance to be within the range of $155 million to $162 million in revenue and $0.94 to $0.98 in adjusted earnings per diluted share to reflect the acquisition of Midwest Physician Services announced on July 16, 2007. Furthermore, the company provided a preliminary outlook for 2008 of $215 million to $225 million in revenue and $1.31 to $1.36 in adjusted earnings per diluted share. |
