High Plains Corporation Reports Earnings and Announces Election
of New Director
WICHITA, Kan., Oct. 16 /PRNewswire/ -- High Plains Corporation (Nasdaq:HIPC) today
reported net earnings of $1,370,881 or $.09 per share on sales of $22,570,837 for
the fiscal first quarter ended September 30, 1997. This compares to a net loss of
($1,838,238) or ($.11) per share on sales of $1,339,233 for the same quarter last
year.
Fiscal First Quarter
Ended September 3O,
1997 1996
Sales $22,570,837 $1,339,233
Net income (Loss) $1,370,881 $(1,838,238)
Earnings (Loss) per share $.09 $(.11)
Weighted average shares
outstanding 16,051,411 15,988,37
Anybody watching this thread?
This looks like .04 below consensus.
I also noticed that the consensus (firstcall) projects only .08 for the next qtr.
Any idea why? Shouldn't this be one of HIPC's best qtrs coming up with the beginning
of the Wintertime Oxyfuel Season? |
