Looks like they're going to open MEDQ up today. Wouldn't be a bit surprised now that the news is filtering out:
MedQuist tops Q4 view, to buyback shares
MARLTON, N.J., Jan 31 (Reuters) - MedQuist Inc.
<MEDQ.O>,an electronic medical transcription service firm,
reported higher fourth quarter earnings Monday, beating Wall
Street estimates by a penny, and said that its board of
directors authorized the repurchase of up to 1.5 million shares
of its common stock.
MedQuist reported fourth quarter earnings of $11.7 million,
or $0.31 per diluted share, compared to $5.3 million, or $0.15
a share, the previous fourth quarter.
"We believe that the repurchase of MedQuist stock
demonstrates confidence in the value of our business," said
David Cohen, chairman and chief executive officer, in a
statement.
MedQuist currently has about 37 million shares outstanding.
MedQuist common was down 2-1/4 to 20-1/8 in early afternoon
trade.
REUTERS
Rtr 16:38 01-31-00 |
