Dow Jones Newswires -- November 7, 2001
Dow Jones Newswires
Wireless Facilities 3Q Loss 6c/Share
Wireless Facilities Inc. - San Diego
3rd Quar Sept. 30:
2001 2000
Revenue $54,800,000 73,100,000
Net income a (2,900,000) b ....
Avg shrs 46,400,000 b ....
Shr earns
Net income a (.06) b ....
9 Months:
Revenue $162,200,000 $175,900,000
Net income c (49,700,000) d 22,700,000
Avg shrs (basic) 45,400,000 41,400,000
Avg shrs (diluted) 45,400,000 50,300,000
Shr earns (basic)
Net income c (1.09) d .55
Shr earns (diluted)
Net income c (1.09) d .45
Figures in parentheses are losses.
a. Includes $3.7 million of amortization and impairment of goodwill and other intangible assets.
Excluding these charges, the company earned $800,000, or 2 cents a share.
b. Not provided.
c. Includes $23.6 million of amortization and impairment of goodwill and other intangible assets.
Excluding charges, the company lost $26.1 million, or 57 cents a share.
d. Includes $4 million of amortization and impairment of goodwill and other intangible assets. Excluding
these charges, the company earned $26.7 million, or 53 cents a share.
The latest nine months pro forma loss, which excludes unusual charges, was $13.0 million, or 29 cents
a share. The adjusted pro forma loss was $2.3 million, or 5 cents a share.
Wireless Facilities Inc. (WFII) said its results were hurt by customer delays and cancellations of other
projects which it expected to begin in the third quarter.
The company designs, deploys and manages wireless networks.
-Carrie Kocik, Dow Jones Newswires; 201-938-5388 |
