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Article Excerpt
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, 2009.
Second Quarter and First Six Months 2009 Financial Results
Revenue for the second quarter of 2009 increased 5.9% to $130.0 million from $122.8 million in the second quarter of 2008. For the first six months of 2009, revenue was $261.8 million compared to $241.9 million in the same period of 2008, an increase of 8.2%.
Alliance's Adjusted EBITDA (as defined below) was $48.0 million in the second quarter of 2009, a 3.0% increase, compared to $46.6 million in the same quarter a year ago. For the first six months of 2009, Adjusted EBITDA totaled $95.8 million compared to $90.2 million in the first six months of 2008, an increase of 6.2%.
Alliance's net income decreased 18.7% to $4.2 million in the second quarter of 2009 compared to $5.1 million in the second quarter 2008. For both the first six months of 2009 and 2008, Alliance's net income was $8.5 million.
Earnings per share on a diluted basis, computed in accordance with generally accepted accounting principles, was $0.08 per share in the second quarter of 2009 and $0.10 per share in the second quarter of 2008. Earnings per share on a diluted basis were $0.16 per share...
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