Raised guidance:
Ptek Holdings Inc. (PTEK ) reported second quarter earnings from continuing operations in line with analysts' estimates. Excluding amortization of goodwill in the year-ago second quarter, the loss from continuing operations was $19 million, or 38 cents a share.
Second quarter adjusted earnings before interest, taxes, depreciation and amortization were $19.5 million, compared with $16.6 million a year ago.
Citing better-than-expected first half earnings, Ptek raised its 2002 earnings guidance to 27 cents to 29
cents a share from 22 cents to 26 cents a share.
A Thomson First Call survey of five analysts produced a mean earnings estimate of 23 cents a share for
2002.
Revenue guidance for 2002 remains unchanged at $350 million to $365 million. In 2001, the multimedia
group communications services company earned 32 cents a share before items, on revenue of $422.9
million.
The company also raised its adjusted EBITDA guidance to $75 million to $77 million from $70 million,
and its cash earnings guidance to 45 cents to 47 cents a share from 38 cents to 42 cents a share.
Cash earnings is defined as net income or loss before income taxes plus amortization, restructuring
costs, equity-based compensation, legal settlements and other items.
Ptek Holdings raised its 2003 earnings guidance to 44 cents to 49 cents a share from 38 cents to 42
cents a share.
A Thomson First Call survey of five analysts produced a mean earnings estimate of 38 cents a share for
2003.
Cash earnings guidance was raised to 54 cents to 59 cents a share from 50 cents to 54 cents a share.
Revenue guidance for 2003 remained unchanged at $390 million to $410 million.
Adjusted EBITDA guidance was raised to $88 million to $92 million from $83 million to $84 million.
Shares of Ptek traded recently at $5.25, up 20 cents, or 6.7%, on Nasdaq volume of 230,100 shares.
Average daily volume is 318,764 shares. |
