Latest quarterly results. Something I saw indicated that analysts were expecting loss of 40cents share. Company has done better than that - loss of 34cents share. Last year this quarter loss was 45cents share.
05:08 PM ET 05/15/97
Metromedia Q1 revs up, share loss narrows
EAST RUTHERFORD, N.J., May 15 (Reuter) -
(in thousands, except per-share amounts)
Three Months Ended
March 31,
1997 1996
Revenues $103,418 $ 30,805
Cost and expenses:
Cost of sales and rentals and
operating expenses 75,284 25,102
Selling, general and
administrative 35,335 14,117
Depreciation and amortization 6,411 1,723
Operating loss (13,612) (10,137)
Interest expense, including amortization
of debt discount of $1,185 and 1,259
for the three months ended
March 31, 1997, and March 31, 1996,
respectively 10,736 8,279
Interest income 2,746 1,245
Interest expense, net 7,990 7,034
Loss before provision for income
taxes, equity in losses of Joint
Ventures and minority interest (21,602) (17,171)
Provision for income taxes (298) (200)
Equity in losses of Joint Ventures (1,598) (1,783)
Minority interest, including
$890 of Metromedia Asia Corp. for
the three months ended
March 31, 1997 1,240 13
Net loss (22,258) (19,141)
Net loss per common share (34 cts) (45 cts)
Full company name is Metromedia International Inc. |
