Printer Friendly

DATASCOPE NET UP 29 PERCENT IN SECOND QUARTER

 MONTVALE, N.J., Jan. 26 /PRNewswire/ -- Datascope Corp. (NASDAQ: DSCP) reported a 29 percent rise in net earnings in the second quarter of fiscal 1993 to $3.42 million from $2.65 million in the comparable period last year, equivalent to $0.21 per share this year versus $0.16 per share last year. Consolidated sales in the second quarter were $42.7 million, 10 percent above the comparable period a year ago.
 In the six-month period ended Dec. 31, 1992, Datascope's net earnings rose 36 percent to $5.54 million on sales of $78.7 million, 12 percent ahead of a year ago. Net earnings per share for the six months were $0.34 versus $0.25 last year.
 The company said its continued growth in the second quarter reflected contributions from its Patient Monitoring and Cardiac Assist Divisions, the main components of its core business. Patient Monitoring made the largest contribution, paced by continued strong demand for its Passport(TM) portable monitor models. Sales of intra-aortic balloon catheters also continued to gain while demand for the company's new System 95 balloon pump, introduced in the first quarter, led to an upturn in domestic sales of balloon pumps, introduced in the first quarter, led to an upturn in domestic sales of balloon pumps. InterVascular, the company's vascular graft subsidiary showed continued strong growth based on sales of its collagen-coated grafts in international markets.
 Datascope Corp. is a manufacturer of proprietary products for clinical health care markets in interventional cardiology, anesthesiology and cardiovascular and vascular surgery.
 DATASCOPE CORP.
 Summary of Operating Results
 (Unaudited)
 Periods ended Three months Six months
 Dec. 31 1992 1991 1992 1991
 Sales $42,700,000 $38,800,000 $78,700,000 $70,300,000
 Earnings before
 taxes 5,134,000 4,072,000 8,398,000 6,264,000
 Taxes 1,713,000 1,425,000 2,855,000 2,192,000
 Net earnings 3,421,000 2,647,000 5,543,000 4,072,000
 Earnings per share:(A) 0.21 0.16 0.34 0.25
 Average number of
 common and common
 equivalent shares
 outstanding (A) 16,365,000 16,482,000 16,327,000 16,407,000
 (A) -- Adjusted for 3 for 1 stock split issued to shareholders of record on Dec. 6, 1991 and effective Jan. 3, 1992.
 -0- 1/26/93
 /CONTACT: Murray Pitkowsky, senior vice president of Datascope Corp., 201-307-5504/
 (DSCP)


CO: Datascope Corp. ST: New Jersey IN: HEA SU: ERN

TS-OS -- NY061 -- 9090 01/26/93 12:51 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Jan 26, 1993
Words:420
Previous Article:WARNER-LAMBERT RAISES QUARTERLY DIVIDEND BY 12 PERCENT
Next Article:STERLING SOFTWARE ANNOUNCES CONVERTIBLE DEBT OFFERING
Topics:


Related Articles
DATASCOPE REPORTS 42 PERCENT RISE IN SECOND QUARTER NET
DATASCOPE NET UP 49 PERCENT IN FIRST QUARTER
DATASCOPE REPORTS FISCAL 1993 RESULTS
DATASCOPE NET UP 15 PERCENT IN FIRST QUARTER
DATASCOPE NET UP 13% IN SECOND QUARTER
DATASCOPE NET UP 29% IN THIRD QUARTER
DATASCOPE REPORTS HIGHER SECOND QUARTER RESULTS
Datascope Reports Higher Second Quarter Sales and Earnings
Datascope Reports Higher Second Quarter and Six Month Sales and Earnings.
Datascope Reports Record Third Quarter Results.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters