Alliance HealthCare Services Reports Results for the Second Quarter and Six Months Ended June 30, 2010; Announces Second Quarter Acquisitions; and Reaffirms Full Year 2010 Guidance Ranges.
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Alliance HealthCare Services Reports Results for the Second Quarter and Six Months Ended June 30, 2010; Announces Second Quarter Acquisitions; and Reaffirms Full Year 2010 Guidance Ranges.
NEWPORT BEACH, Calif. -- Alliance HealthCare Services, Inc. (NYSE:AIQ) (the "Company" or "Alliance"), a leading national provider of outpatient diagnostic imaging and radiation therapy services, announced results for the second quarter and six months ended June 30, 2010.
Second Quarter and First Six Months 2010 Financial Results Revenue for the second quarter of 2010 was $121.4 million compared to $130.0 million in the second quarter of 2009. On a sequential basis, revenue increased 2.3% to $121.4 million in the second quarter of 2010 compared to $118.7 million in the first quarter of 2010. For the first six months of 2010, revenue was $240.1 million compared to $261.8 million in the same period of 2009.Alliance's Adjusted EBITDA (as defined below) was $42.5 million in the second quarter of 2010 compared to $48.0 million in the second quarter of 2009. On a sequential basis, Adjusted EBITDA increased 5.8% to $42.5 million in the second quarter of 2010 compared to $40.2 million in the first quarter of 2010. For the first six months of 2010, Adjusted EBITDA totaled $82.7 million compared to $95.8 million in the first six months of 2009.Earnings per share on a diluted basis, computed in accordance with generally accepted accounting principles ("GAAP"), were $0.00 per share in the second quarter of 2010 and $0.08 per share in the second quarter of 2009. I...See the full content of this document
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