Key Developments For Virtual Radiologic Corporation
Virtual Radiologic Corporation (VRAD.O) (Consolidated Issue listed on NASDAQ Global Market)
Virtual Radiologic Corporation Reiterates FY 2009 Revenue Outlook; Raises FY 2009 Earnings Outlook
Virtual Radiologic Corporation updated its fiscal 2009 outlook and expects revenue ranging from $118.0-$120.0 million, remaining the same as the previous range, adjusted EBITDA ranging from $26.0-$27.0 million, compared to the previous range of $24.0-$25.0 million, adjusted net income ranging from $11.5-$12.1 million, compared to the previous range of $10.3-$11.0 million and adjusted diluted earnings per share (EPS) ranging from $0.71-$0.75, compared to the previous range of $0.63-$0.67. According to Reuters Estimates, analysts were expecting the Company to report revenues of $119.6 million, EBITDA of $19.8 million, net profit of $11.2 million and EPS of $0.68 for the same period.
Virtual Radiologic Corporation Raises FY 2009 Guidance
Virtual Radiologic Corporation raised its fiscal 2009 guidance and expects revenue ranging from $118.0-$120.0 million, compared to the previous range of $113.0-$117.0 million, adjusted EBITDA ranging from $24.0-$25.0 million, compared to the previous range of $22.0-$23.0 million, adjusted net income ranging from $10.3-$11.0 million, compared to the previous range of $9.4-$10.0 million and adjusted diluted earnings per share (EPS) ranging from $0.63-$0.67, compared to the previous range of $0.58-$0.61. According to Reuters Estimates, analysts were expecting the Company to report revenue of $117 million; EBITDA of $17.8 million, net profit of $10.6 million and EPS of $0.35 for fiscal 2009.
Virtual Radiologic Corporation to Serve as Provider of Choice by the National Rural Health Association
Virtual Radiologic Corporation announced that it has been selected to serve as the Provider of Choice for teleradiology services for the National Rural Health Association`s (NRHA) Services Corporation. Virtual Radiologic`s proven reputation as the leader in quality of patient care and service excellence in the teleradiology market supports NRHA`s core mission of improving the health and well-being of rural Americans.
Virtual Radiologic Corporation Sees FY 2009 Guidance To High-End Of Previous Guidance-Conference Call
Virtual Radiologic Corporation announced that it is on track towards the higher end of its fiscal 2009 guidance. The Company expects revenue of $113 million to $117 million, adjusted EBITDA of $22 million to $23 million and adjusted EPS of $0.58 to $0.61. According to Reuters Estimates, analysts are expecting the Company to report revenue of $117 million for fiscal 2009.
Virtual Radiologic Corporation Announces $5 Million Share Repurchase Program
Virtual Radiologic Corporation announced that it has approved a program for the Company to repurchase up to $5 million of its common stock. The Company plans to make purchases in either the open market or through private transactions from time to time following the date of this announcement, in accordance with Securities and Exchange Commission regulations, including plans adopted pursuant to Rule 10b5-1 under the Securities Exchange Act of 1934.
