Natus Medical Q3 net income down

Tue. November 03, 2009; Posted: 01:09 PM

Nov 03, 2009 (Datamonitor via COMTEX) -- BABY | Quote | Chart | News | PowerRating -- Natus Medical, a US-based provider of healthcare products, has reported a net income of $3.67 million, or 0.13 per diluted share, for the third quarter ended September 30, 2009, compared to a net income of $4.8 million, or $0.17 per share, for the third quarter ended September 30, 2008.

Total revenues were $44.25 million for the third quarter of 2009, compared to $41.71 million for the same quarter of 2008.

Net income for the nine months ended September 30, 2009 was $6.8 million, or $0.24 per share, compared to $11.2 million, or $0.43 per share, for the nine months ended September 30, 2008.

Total revenues were $114.87 million for the nine months ended September 30, 2009, compared to $118.43 million, for the prior-year period.

Jim Hawkins, president and CEO of Natus Medical, said: "We are pleased with our third quarter results as they exceeded our expectations. Demand for our products, which stabilized in our second quarter, improved among all our product lines throughout the third quarter, which is extremely satisfying since we believe hospitals continue to limit spending on capital equipment. I am also happy to report that we again generated cash during the quarter, adding more than $6 million through operations."

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For full details on Natus Medical (BABY) click here. Natus Medical (BABY) has Short Term PowerRatings of 6. Details on Natus Medical (BABY) Short Term PowerRatings is available at This Link.

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