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CORDIS REPORTS IMPROVED SECOND-QUARTER SALES AND EARNINGS

 CORDIS REPORTS IMPROVED SECOND-QUARTER SALES AND EARNINGS
 MIAMI, Jan. 24 /PRNewswire/ -- Cordis Corporation, (NASDAQ: CORD) Miami-based manufacturer of products for the angiographic and neuroscience markets, today reported a 20 percent increase in second-quarter earnings on a 12 percent rise in sales.
 For the three months ended Dec. 31, 1991, revenues increased to $55.3 million, up from $49.2 million in the corresponding period a year ago. Angiography sales, which accounted for 91 percent of the total, advanced 13 percent while neuroscience revenues increased 10 percent.
 Net income rose to $5.5 million, or 38 cents a share, from $4.6 million, or 33 cents a share, a year earlier.
 Shares of Cordis stock are traded on the NASDAQ National Market under the symbol CORD.
 CORDIS CORPORATION
 Condensed Statements of Operations
 Three Months and Six Months Ended Dec. 31, 1991 and 1990
 (Unaudited)
 (dollars in thousands except per share amounts)
 Three Months Six Months
 1991 1990 1991 1990
 Net sales $ 55,290 $ 49,174 $ 105,419 $ 94,890
 Income before
 income taxes 7,259 5,760 13,874 10,322
 Provision for
 income taxes 1,767 1,193 3,611 2,396
 Net income $ 5,492 $ 4,567 $ 10,263 $ 7,926
 Earnings per share $ 0.38 $ 0.33 $ 0.71 $ 0.58
 Weighted average
 shares
 outstanding 14,405,000 13,847,000 14,384,000 13,772,000
 -0- 1/24/92
 /CONTACT: Chick McDowell, vice president, corporate relations and assistant secretary of Cordis Corporation, 305-824-2821/
 (CORD) CO: Cordis Corporation ST: Florida IN: HEA SU: ERN


SS-AK -- FL001 -- 3143 01/24/92 09:11 EST
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Publication:PR Newswire
Date:Jan 24, 1992
Words:266
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