Clown-Free Zone... sorry, no clowns allowed Message Board

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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (258717)	9/3/2003 5:16:49 PM
From: Mike da bear	Read Replies (2) of 436258

New Pro-forma record, report a loss of $1.76 but thru the magic of pro-forma accounting, it turns into a profit of 3 cents! Don't ask what "a multi-client survey in the Gulf of Mexico" charge that got backed out was... Veritas DGC reports (VTS) 9.41 +0.09: Reports Q4 (Jul) loss of $1.76, which includes several ex items. However, after backing out multiple charges of ($1.79) related to impairments of goodwill and a multi-client survey in the Gulf of Mexico, VTS reports earnings of $0.03 per share; the Reuters Research consensus, which also excludes ex items, is ($0.07); revenues rose 13.4% year/year to $119.5 mln vs the $120 mln consensus.

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