Printer Friendly

FISCHER IMAGING REPORTS PRELIMINARY THIRD QUARTER RESULTS

 FISCHER IMAGING REPORTS PRELIMINARY THIRD QUARTER RESULTS
 DENVER, Oct. 21 /PRNewswire/ -- Fischer Imaging Corp. (NASDAQ: FIMG) today reported preliminary results for the third quarter ended Oct. 4, 1992. Final results for the quarter will be released next week.
 The company anticipates revenues for the quarter of $14.1 million which compares to $14.7 million from the like quarter of a year ago. Earnings are not expected to be substantially greater than breakeven for the current quarter.
 "Revenues for the quarter were lower than anticipated, largely due to $2.5 million of customer delayed shipments," said Robert A. Cascella, executive vice president and chief financial officer. "These shipment delays were primarily caused by customers not prepared to take delivery of confirmed orders which were ready for shipment at the end of the quarter. We anticipate these orders will be shipped during the fourth quarter of this year. In addition, earnings were adversely affected primarily by increased startup costs for several new products released in the third quarter, which caused the company to experience unfavorable manufacturing variances."
 The company completed the acquisition of Bloom Associates on Sept. 18, 1992. Only nominal sales and earnings were recorded in the quarter for the Bloom subsidiary.
 Fischer Imaging designs, manufactures and markets specialty and general purpose x-ray imaging systems for the diagnosis and treatment of disease. The company's newest product lines are directed toward medical specialties in which minimally invasive surgical techniques are replacing open surgical procedures.
 -0- 10/21/92
 /CONTACT: Roberto A. Cascella of Fischer Imaging, 303-452-6800; or Carl Thompson of Carl Thompson Associates, 303-494-5472, for Fischer Imaging/
 (FIMG) CO: Fischer Imaging Corp. ST: Colorado IN: MTC SU: ERP


MC -- DV011 -- 2747 10/21/92 09:58 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Oct 21, 1992
Words:286
Previous Article:KNIGHT-RIDDER REPORTS RESULTS
Next Article:ARMCO REPORTS THIRD QUARTER LOSS OF $25.2 MILLION
Topics:


Related Articles
FISCHER IMAGING REPORTS RECORD SECOND QUARTER EARNINGS AND REVENUES
FISCHER IMAGING ANNOUNCES RECORD FOURTH QUARTER REVENUES
FISCHER IMAGING RESTRUCTURES; REPORTS THIRD QUARTER RESULTS
FISCHER IMAGING REPORTS FOURTH QUARTER AND ANNUAL RESULTS
FISCHER IMAGING REPORTS SECOND QUARTER RESULTS
FISCHER IMAGING ANNOUNCES RECORD THIRD QUARTER RESULTS
FISCHER IMAGING REPORTS RECORD FOURTH QUARTER
FISCHER IMAGING REPORTS RECORD FIRST QUARTER
FISCHER IMAGING REPORTS RECORD SECOND QUARTER
Fischer Imaging Announces Preliminary Third Quarter Results

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