LONDON (Thomson Financial) - Syneron Medical Ltd. said Wednesday first-quarter net income dipped to $8.3 million, or 30 cents a share from $8.5 million, or 31 cents a share in the same quarter a year ago.
Excluding stock-based compensation, the company said it would have earned 37 cents a share.
The Israeli-based maker of aesthetic medical devices said revenue for the three-month period rose 5.4% to $34.1 million, due mainly, it said, to the diversification of its business model.
The mean estimates of analysts polled by Thomson Reuters was for earnings of 30 cents a share on revenue of $34.6 million.
Shares of the Israel-based medical aesthetic device maker closed Tuesday at $15.23. mark.cotton@thomsonreuters.com mc1/tk1 COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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