Bloomberg News

Given Advances Most Since May on Profit, Revenue Guidance

February 15, 2012

(Updates with closing share price in second paragraph).

Feb. 15 (Bloomberg) -- Given Imaging Ltd. jumped the most since May after fourth-quarter profit rose and the company said it expects revenue to be between $190 million and $200 million this year.

The shares advanced 9.6 percent, the biggest jump since May 29, to 72.97 shekels, or the equivalent of $19.47, at the 4:30 p.m. close in Tel Aviv. The U.S.-traded shares closed yesterday at $17.79.

Net income rose to $5.6 million from $3.2 million a year ago as sales rose to $48.5 million from $44.9 million. The company had revenue of $178 million last year.

--With assistance from Shoshanna Solomon in Tel Aviv. Editors: Shaji Mathew, Peter Branton

To contact the reporter on this story: Gwen Ackerman in Jerusalem at gackerman@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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