Edwards Group Slips To Loss In Q4; Appoints Jim Gentilcore As CEO - Quick Facts

(RTTNews.com) - Edwards Group Ltd. ( EVAC ) posted fourth-quarter net loss of £2.3 million or £2.04 per share, compared to net income of £5.9 million or £5.88 per share in the comparable quarter last year.

Adjusted net income for the quarter was £8.2 million or £7.27 per share, down from £14.2 million or £14.15 per share in the prior year quarter. Revenue for the latest fourth quarter was £131.4 million, compared to £155.6 million last year.

On average, four analysts polled by Thomson Reuters expected the company to earn £3.78 per share and revenues of £122.15 million for the quarter. Analysts' estimates typically exclude special items.

Separately, Edwards Group announced that long-term Board member Jim Gentilcore has been named Chief Executive Officer or CEO, effective March 1, 2013. He succeeds Matthew Taylor, who has resigned by mutual agreement with Edwards' Board of Directors.

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