• AI
  • Molecular Imaging
  • CT
  • X-Ray
  • Ultrasound
  • MRI
  • Facility Management
  • Mammography

Profit warning hammers Fischer stock

Article

Share prices of x-ray vendor Fischer Imaging of Denver took atumble last month after the company announced that it expectedto post disappointing results for its third quarter (end-September).Fischer shares, which had been hovering in the $12-a-share

Share prices of x-ray vendor Fischer Imaging of Denver took atumble last month after the company announced that it expectedto post disappointing results for its third quarter (end-September).Fischer shares, which had been hovering in the $12-a-share rangebefore the announcement, dropped by nearly half and were tradingat under $6 last week.

Fischer said revenues for the quarter are expected to be slightlyhigher, at $20 million compared with $19.1 million in the sameperiod last year. The company's operating earnings will be aboutbreak-even, compared with operating earnings of $1 million inthe third quarter of 1995.

Fischer experienced weaker order rates across its product linesin the third quarter, according to chairman and CEO Morgan Nields.Nields said Fischer would move to cut expenses to counter thelower earnings.

Recent Videos
Current and Emerging Insights on AI in Breast Imaging: An Interview with Mark Traill, Part 1
Addressing Cybersecurity Issues in Radiology
Computed Tomography Study Shows Emergence of Silicosis in Engineered Stone Countertop Workers
Can an Emerging AI Software for DBT Help Reduce Disparities in Breast Cancer Screening?
Skeletal Muscle Loss and Dementia: What Emerging MRI Research Reveals
Magnetoencephalopathy Study Suggests Link Between Concussions and Slower Aperiodic Activity in Adolescent Football Players
Radiology Study Finds Increasing Rates of Non-Physician Practitioner Image Interpretation in Office Settings
Assessing a Landmark Change in CMS Reimbursement for Diagnostic Radiopharmaceuticals
Addressing the Early Impact of National Breast Density Notification for Mammography Reports
2 KOLs are featured in this series.
Related Content
© 2024 MJH Life Sciences

All rights reserved.