Cybex says its quarterly profit rose 7 percent

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)