Question-and-Answer Session
Operator
(Operator instructions) And our first question comes from the line of Shelley Gnall with Goldman Sachs. Please go ahead.
Shelley Gnall – Goldman Sachs
Hi, thank you very much. So it looks like a pretty good quarter. I guess my first question is how important was December?
Dave Sankaran
Yes, it's Dave Sankaran. The quarter, when we first set guidance for it, you will recall winding the clock back a little bit to put it in perspective. September saw pretty sharp fall-offs from the summer, perhaps sharper than we are used to seeing as we come away from the summer peak. For lack of other information, a lot of us were extrapolating from that. So, sure enough, we came in at the higher end of our volume and revenue range for the quarter. I wouldn’t say that December was necessarily any sort of interesting volume pattern. I would say that what we expected in terms of a worst case scenario for the quarter didn't come home to roost. But really the volumes have fell off in October, trail down a bit in November, but really looked pretty typical in terms of the way they flow through the late part of the year.
Shelley Gnall – Goldman Sachs
Okay great, thanks. Moving on into the first quarter revenue guidance, it looks like you are looking for a 6% to 9% decline. I think you had mentioned there's two less days, maybe, in the first quarter. But on a year-over-year basis, can you talk a little bit about the contributors, the pricing versus volume?
Dave Sankaran
Yes, it's Dave again. Sequentially, you are right on point there is two less days, which is – you can do the math for us. It’s north of 15,000 reads. And the holidays contribute positive volume to us as we pick for our radiologists customers around Thanksgiving and Christmas and so on. So the fourth quarter also has a bit of a holiday spike. So sequentially, those things tend to go away, and we are looking at the business, looking relatively consistent absent those changes as we enter into the first quarter. In terms of looking at it year over year, I haven't spent as much time analyzing that. I think I year-over-year price declines, you can expect to see this year are relatively consistent with what we’ve seen in the last couple of quarters – for the prelims business, something like 6% and the rest of that same site growth assumptions – we have been in the low single digits. And I think you'll see trends like that continue until we get a different feel for the economy and how the business is evolving.
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