PolyMedica Corporation (NASDAQ: PLMD) today reported revenue growth of 41% to $164.1 million in the second fiscal quarter of 2007, compared with $116.4 million for the same period last year. Income from continuing operations, net of taxes, for the quarter was $8.0 million, or $0.34 per diluted share, compared sequentially with $0.25 per diluted share for the previous quarter. The Company recognized $2.9 million of pre-tax stock-based compensation expense ($1.9 million after taxes, or $0.08 per diluted share) during the second quarter of fiscal 2007. Excluding the impact of stock-based compensation expense, earnings per share were $0.42 compared with $0.33 in the first quarter of fiscal 2007. Earnings per share in the second quarter of fiscal 2006 were $0.40.
