RadNet Inc. (RDNT) Posts Q4, FY 2010 Results and Expectations for 2011
RadNet Inc., a national leader in providing high-quality, cost-effective, fixed-site outpatient diagnostic imaging services, today reported financial results for its fourth quarter and full year ended December 31, 2010. For fourth quarter 2010, the company reported revenue of $145.3 million, up 10.2 percent from the fourth quarter of 2009; net income was reported at $3.3 million, or $0.09 per share, up 418.1 percent over the fourth quarter of 2009. Dr. Howard Berger, president and CEO of RadNet, said the fourth-quarter results reflect the company’s solid business strategy and its resilience to broader industry factors compared to competitors. "We are pleased…