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Monitor maker reports higher first-quarter results

Published in Medical Devices and Surgical Technology Week, November 28th, 2004

Datascope Corp. (DSCP) reported net earnings for the first quarter of fiscal 2005 ended September 30, 2004, of $4.7 million, 12% higher than the comparable quarter last year.

Earnings per diluted share were 31 cents versus 28 cents last year. Sales for the quarter increased 4% to $80.3 million from $77.1 million last year, with foreign exchange contributing $1.2 million of the increase.

The increase in first-quarter earnings was primarily attributable to increased sales and a higher gross profit margin. Research and development expenses increased 20% to $8.6 million in the first quarter this year compared to $7.2 million last year, reflecting the...

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