THCG Inc. 2nd Quarter Loss 8 Cents/Share Before Noncash Items
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THCG Inc. - New York
2nd Quar June 30:
2000 1999
Revenue a $2,211,000 $1,688,000
Net income (5,910,000) 502,000
Avg shrs (basic) 12,635,592 3,723,000
Avg shrs (diluted) 12,635,592 3,723,000
Shr earns (basic)
Net income a (.47) .13
Shr earns (diluted)
Net income a (.47) .13
6 Months:
Revenue 16,506,000 1,954,000
Inc cont op b 759,000 253,000
Inc dis op (4,347,000) ....
Net income b (3,588,000) 253,000
Avg shrs (basic) 12,368,839 3,723,000
Avg shrs (diluted) 15,387,539 3,723,000
Shr earns (basic)
Inc cont op b .06 .07
Inc dis op (.35) ....
Net income b (.29) .07
Shr earns (diluted)
Inc cont op b .05 .07
Inc dis op (.28) ....
Net income b (.23) .07
Figures in parentheses are losses.
a. Includes more than $4.9 million in non-cash expenses from
equity-based compensation charges for V3 team expansion program, and the
amortization of acquired intangibles related to the merger with Walnut
Financial Services, the acquisition of Mercury Coast and the purchase of
an interest in Global Credit Services Inc. Excluding items, the company
lost $973,000, or 8 cents a share.
b. Includes more than $8.5 million in non-cash expenses from
equity-based compensation charges for V3 team expansion program, and the
amortization of acquired intangibles related to the merger with Walnut
Financial Services, the acquisition of Mercury Coast and the purchase of
an interest in Global Credit Services Inc. Excluding items, the company
reported earnings from continuing operations of $6.4 million, or 42
cents a diluted share.
THCG Inc. (THCG) is a financial investment services company.
-Jason Philyaw; Dow Jones Newswires; 201-938-5388
(This story was originally published by Dow Jones Newswires)
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