Check out the comment at the end of this earnings release: "Inacom Corp. - Omaha, Neb. 3rd Quar Sept. 25:
1999 1998
Revenues $1,545,610,000 $1,658,116,000
Net income 7,113,000 a (12,887,000)
Avg shrs (basic) 45,500,000 44,600,000
Avg shrs (diluted) 45,900,000 44,600,000
Shr earns (basic)
Net income .16 a (.29)
Shr earns (diluted)
Net income .15 a (.29)
9 Months:
Revenues 4,367,491,000 5,171,391,000
Net income b (134,855,000) 15,707,000
Avg shrs (basic) 45,300,000 43,600,000
Avg shrs (diluted) 45,300,000 43,600,000
Shr earns (basic)
Net income b (2.98) .36
Shr earns (diluted)
Net income b (2.98) .36
Figures in parentheses are losses.
a. Includes an after-tax unusual charge of $27.2 million. Excluding
the charge, the company had earnings of $14.3 million, or 31 cents
a diluted share.
b. Includes $217 million in pre-tax items for a first-quarter
restructuring and unusual charges. Excluding these items, the
company had net income of $4.8 million, or 10 cents a diluted
share.
For the fourth quarter, the company expects a loss of between
10 cents and 20 cents a share due to a slowdown in "Wintel" computer
sales. The company said the slowdown is due to Y2K concerns and
product availability issues.
A First Call/Thomson Financial survey of analysts produced
a mean earnings estimate of 45 cents and share and 69 cents a
share for the fourth quarter and year periods, respectively.
Inacom Corp. (ICO) is a technology management services company." |
