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Article: Hanger Orthopedic Group, Inc. Announces Net Income Applicable to Common Stock of $0.17 per Diluted Share for the Quarter Ended June 30, 2007, Compared to a Net Loss Applicable to Common Stock of $0.42 per Diluted Share in the Prior Year.
- Article from:
- PR Newswire
- Article date:
- July 30, 2007
CopyrightCOPYRIGHT 2007 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BETHESDA, Md., July 30 /PRNewswire-FirstCall/ -- Hanger Orthopedic Group, Inc. announces net sales of $160.4 million and net income applicable to common stock of $4.7 million, or $0.17 per diluted share, for the quarter ended June 30, 2007, compared to a loss applicable to common stock of $9.3 million, or a loss of $0.42 per diluted share in the same period of the prior year.
Net sales for the quarter ended June 30, 2007 increased by $7.5 million, or 4.9%, to $160.4 million from $152.9 million in the prior year's comparable quarter. The sales growth was primarily the result of a $5.8 million, or 4.2%, increase in same-center sales in our patient care business, ...