Once again, RAIL has posted record earnings for the latest quarter:
" RailAmerica, Inc. Reports Record 1998 Third Quarter and Nine Months
Results; Revenues and Net Income Each Rise 60% in Quarter; Fifth
Consecutive Quarterly Earnings Record
Business Wire - November 04, 1998 10:39
BOCA RATON, Fla.--(BUSINESS WIRE)--Nov. 4, 1998--RailAmerica, Inc. (Nasdaq/NNM:RAIL) today announced
results for the third quarter and nine months ended September 30, 1998, reporting record quarterly revenues, income and
carloadings for the fifth consecutive reporting period.
Operating revenues for the third quarter of 1998 were $21.0 million, up 60% from the $13.1 million reported in the third
quarter of 1997. Operating income increased 87% to $3.7 million, from $2.0 million in 1997. Net income for the 1998 third
quarter rose 60% to $1.4 million, or $.15 per basic share, on 9.8 million weighted average common shares, compared with
$0.9 million, or $.10 per basic share, on 8.5 million weighted average common shares in the 1997 quarter.
Comparing the results of the nine months ended September 30, 1998 with the same period of 1997, operating revenues
increased 66% to $55.6 million, while operating income rose 103% to $8.9 million. Income from continuing operations
increased 147% to $3.5 million, or $.37 per basic share, on 9.5 million weighted average common shares, compared with
$1.4 million, or $.17 per basic share, on 8.1 million weighted average common shares for the first nine months of 1997. Net
income for the 1998 nine month period, after the loss from the Company's discontinued motor carrier segment, increased
173% to $3.4 million, or $.36 per basic share, from $1.3 million, or $.15 per basic share, in the comparable 1997 period."
My only question now: how long will it take for "Wall Street" to find them? |
