Landauer Posts Mixed Results ( LDR)

Landauer, Inc. LDR released financial results on Tuesday morning that missed Wall Street earnings estimates but beat revenue expectations. Landauer, Inc announced that its 4th quarter net income fell to $4.6 million, or 48 cents per share, down from $5.3 million, or 56 cents per share, a year earlier. The company's revenue rose to $29.07 million, up from $22.97 million a year earlier. According to a poll of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 54 cents per share, on revenue of $26.86 million. President and CEO Bill Saxelby said, "The results for this year demonstrate the balanced approach we are taking in the pursuit of new growth opportunities and managing resources to ensure progress against our strategic priorities of optimizing the core business, driving competitive growth, and pursuing strategic expansion. In fiscal 2011 we will continue to enhance our products and service offerings, as well as increase our operating efficiency. In addition, we continue to demonstrate our commitment to returning value to shareholders through our dividend program, which we increased again in fiscal 2011 by $0.05 to $2.20 per share." Landauer, Inc. (LDR) finished the previous trading day at $68.13 per share. The consensus price target of analysts covering the company's stock is $68.67 per share. Read more from Benzinga's Company news.