From the Boston Globe Business Team
Cybex says its quarterly profit rose 7 percent
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February 13, 2008 02:49 PM
The exercise equipment maker Cybex International Inc. said fourth-quarter profit rose 7 percent on sales of aerobic and strength equipment.
The Medway company earned $3 million, or 17 cents per share — compared with $2.8 million, or 16 cents per share, in the 2006 fourth quarter.
Analysts polled by Thomson Financial expected profit of 15 cents per share on sales of $43.7 million.
For the 2007 fiscal year, the company’s profits dropped 52 percent on restructuring costs at its new Minnesota plant.
(AP)
