Synovis Life Technologies Reports Q1 EPS of $0.14 vs. $0.10

Synovis Life Technologies, Inc. SYNO, today reported its financial results for the fiscal 2011 first quarter ended Jan. 31, 2011. For the quarter, net revenue rose to $19.5 million, a 28 percent increase over $15.2 million in the year-ago period. Net income for the fiscal 2011 first quarter was $1.8 million, or $0.16 per diluted share, compared to net income of $0.6 million, or $0.06 per diluted share, in the fiscal 2010 first quarter. Discrete income tax benefits recorded in the first quarter of fiscal 2011 contributed $0.02 to net income per diluted share.