Virtual Radiologic tumbles 21% to 52-week low on weaker-than-expected earnings
Teleradiology service provider Virtual Radiologic Corporation (Nasdaq:VRAD) fell more than 21% to a 52-week low in today’s trading after posting disappointing second-quarter results after Monday’s close. For the quarter ended June 30, revenue was $25.9 million, up from $21.2 million in the year-ago quarter. Adjusted net income was $2.2 million, or $0.13 per share, compared with $1.3 million, or $0.08 per share, for the same period a year earlier. Analysts were looking for $0.15 to $0.17 per share on revenues of $26.8 million, Thomson Financial reported.
Minnetonka, Minn.-based Virtual Radiologic is at $9.81 at 11:57 a.m. ET, down $2.60 from Friday’s close. Just after the opening, the stock fell to a 52-week low of $9.10. Trading volume is at nearly six times the average number of shares.
Minnetonka, Minn.-based Virtual Radiologic is at $9.81 at 11:57 a.m. ET, down $2.60 from Friday’s close. Just after the opening, the stock fell to a 52-week low of $9.10. Trading volume is at nearly six times the average number of shares.
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