THCG Inc. 1st Quarter Operating Net 27 Cents/Diluted Share Versus Loss 7 Cents
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THCG Inc. - New York
1st Quar March 31:
2000 1999
Revenue $14,295,000 $266,000
Inc cont op 4,086,000 (249,000)
Inc dis op a 3,186,000 ....
Net income -b 900,000 (249,000)
Shr earns (basic)
Inc cont op .34 (.07)
Net income -b .07 (.07)
Shr earns (diluted)
Inc cont op .27 (.07)
Net income -b .06 (.07)
Figures in parentheses are losses.
a. From the discontinuation of factoring activities.
b. Includes the effects of amortization of intangible assets and
stock-based compensation in both periods, a pre-tax gain of $12.3
million related to THCG's interest in Walnut Growth Partners, L.P. fund
in the latest quarter. Excluding items, income was $6.6 million, or 54
cents a basic, share for the most recent quarter, compared with a loss
of $249,000, or 7 cents a basic share a year ago.
THCG Inc. (THCG) is an Internet accelerator that provides venture
development, venture banking and venture funding services.
-Karen M. Chow; Dow Jones Newswires; 201-938-5388
(This story was originally published by Dow Jones Newswires)
Copyright (c) 2000 Dow Jones & Company, Inc.
All Rights Reserved
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