UPDATE: Nordion Posts Higher FQ3 Profit

UPDATE: Nordion Posts Higher FQ3 Profit

Nordion (NYSE: NDZ) reported a rise in its fiscal third-quarter profit.

Nordion’s quarterly profit surged to $ 180.4 million, or $ 2.91 per share, from $ 12.3 million, or $ 0.20 per share, in the year-ago period. Excluding one-time items, it earned $ 0.20 per share.

Its revenue gained 6.8% to $ 71.7 million. However, analysts were expecting a profit of $ 0.18 per share on revenue of $ 61 million.

Nordion’s gross margin came in flat at 55%.

Nordion shares closed at $ 7.85 yesterday.

Posted-In: profitEarnings News

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