Allied HealthCare Beats Revenue Estimates (AHCI)

Allied HealthCare International Inc. AHCI announced financial results on Tuesday morning. Allied HealthCare International Inc reported that its 4th quarter income from continuing operations fell to $2.7 million, or 6 cents per share, down from $2.9 million, or 7 cents per share, a year earlier. The company reported that total revenue rose 6.5%, to $74.4 million, up from $69.8 million a year earlier. According to a survey of analysts by Thomson Reuters, the average Wall Street estimate called for earnings of 6 cents per share, on revenue of $69.8 million. Chairman Dr. Jeffrey Peris said, "The Board remains confident in the opportunities for growth through management actions on innovative initiatives. Based on our identified strategies for growth being successfully implemented, our financial track record over the last few years, our focus and results in improving operating efficiencies, and the recruitment and retention of talented people -- we continue to strive to enhance shareholder value." Allied HealthCare International Inc. (AHCI)closed the previous trading day at $2.90 per share. Analysts covering the company's stock give it a consensus price target of $3.25 per share. Read more from Benzinga's Company news.