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Analogic Corporation
Analogic Corporation (ALOG) is a publicly traded company based in the United States that operates in the technology sector, specifically in providing medical imaging and aviation security technology. Here is some general information about the company, including recent news, earnings, and growth:
1. Recent News:
* On February 3, 2023, Analogic announced that it had completed the sale of its medical imaging business to Philips for approximately $562 million.
* On February 9, 2023, Analogic announced its intention to return up to $400 million to shareholders through a share repurchase program and special dividend.
2. Earnings:
* Analogic's most recent quarterly earnings report was for the third quarter of its fiscal year 2023, which ended on January 31, 2023.
* The company reported net income of $119.5 million for the quarter, compared to a net loss of $13.1 million in the same period last year.
* Analogic's revenue for the quarter was $173.4 million, an increase of 137% from the same period last year.
3. Growth:
* Over the past year, Analogic's stock price has increased by over 150%, significantly outpacing the growth of the overall market.
* The company's growth has been driven by the sale of its medical imaging business to Philips and the resulting focus on its aviation security technology business.
* In the aviation security technology segment, Analogic has seen increasing demand for its products due to the ongoing need for security screening in the wake of the COVID-19 pandemic.
Please note that this information is subject to change and should be verified by consulting the latest financial statements and market data.