This is from the earnings report today:
"Revenues for the fiscal year ended September 30, 1997 were $193,660,000, compared to $207,890,000 for 1996.
Excluding the after tax impact of non-recurring charges, net loss for the year was $6,797,000, or $0.19 per share, as
compared to net profit of $12,894,000, or $0.36 per share in 1996. Including all charges, the net loss for fiscal 1997 was
$15,170,000, or $0.41 per share, as compared to a net loss of $22,414,000, or $0.62 per share for the year ended
September 1996."
As you can see the net loss for the year was 0.19 (without charges) and 0.41 (including charges). It looks like Zack's estimates were excluding charges. If my memory serves me correct, I read somewhere that the analysts estimates do not include special charges unless stated specifically. Someone correct me if I am wrong.
Anyway, the report looked very positive. Just unfortunate that they had to report when markets are in doldrums. Hopefully it will help in maintaining current price level until markets stabilize. Should make nice move upward then. IMHO.
Regards,
JK
PS. I am glad I do not have a window office on 25th floor.<G> |
