* Sees related charges of $2.5 mln in Q1
* Cuts 2010 EPS view to $0.45-$0.47 from $0.49-$0.51
* Sees 2010 adj EPS at $0.60-$0.62 * Raises '10 rev view to
$198 mln from $196 mln
Jan 13 Natus Medical Inc (BABY.O) said it will
cut about 50 jobs, take related charges in the first quarter
and lowered its earnings outlook for full-year 2010.
The medical device maker said in filing with the U.S.
Securities and Exchange Commission that the job cuts were part
of a reorganization plan to reduce costs resulting from Natus'
acquisition of Alpine Biomed Holdings Corp.
Natus will record a restructuring charge of about $2.5
million in the first quarter, and cut its 2010 earnings per
share outlook to a range of 45 cents to 47 cents, from its
prior outlook of 49 cents to 51 cents a share, the company said
in a statement.
Analysts on average were expecting the company to earn 54
cents a share, according to Thomson Reuters I/B/E/S.
Excluding the charges, Natus now expects earnings per share
in the range from 60 cents to 62 cents.
However, the company raised its full-year 2010 revenue
forecast to $198 million from its prior forecast of $196
million, citing improved business conditions since early
As part of the restructuring, Alpine operations in
Montreal, Canada, will be moved to Natus' Xltek facility in
Oakville, Ontario, Canada, Natus said.
Also, Alpine's sales organization will be merged into
Natus' global sales force.
Shares of the company closed at $13.96 Tuesday on Nasdaq.
(Reporting by Krishnakali Sengupta in Bangalore; Editing by