Electronic Data Systems 3Q Oper Net 51c/Diluted Shr
Electronic Data Systems Corp. - Plano, Texas
3rd Quar Sept. 30:
1999 1998
Revenues $4,714,800,000 $4,352,700,000
Net income a 158,200,000 b 195,100,000
Avg shrs (basic) 490,800,000 492,400,000
Avg shrs (diluted) 503,700,000 494,100,000
Shr earns (basic)
Net income a .32 b .40
Shr earns (diluted)
Net income a .31 b .39
a. Includes $236.5 million restructuring charge and $81.5 million gain from sale of non-operating assets. Excluding items, the company earned 51 cents a diluted share.
b. Includes $36.7 million charge related to executive retirement.
9 Months Sept. 30:
1999 1998
Revenues 13,656,800,000 12,480,800,000
Net income c 378,200,000 b 601,200,000
Avg shrs (basic) 491,800,000 491,900,000
Avg shrs (diluted) 503,200,000 494,600,000
Shr earns (basic)
Net income c .77 b 1.22
Shr earns (diluted)
Net income c .75 b 1.22
b. Includes $36.7 million charge related to executive retirement.
c. Includes $236.5 million restructuring charge and $81.5 million gain from sale of non-operating assets.
Electronic Data Systems Corp. (EDS), which provides information technology services, said results in the latest third quarter were helped by $5.1 billion in contract signings and an organizational realignment.
-Dave Copeland; Dow Jones Newswires; 201-938-5400
See also: eds.com |
