USRX was down sharply in late trading with heavy volume, I believe, because of the SHVA's earning warning. But I think this is SHVA's problem, and should be isolated to SHVA only. SHVA was halted.
Let's talk about this, see how this bad news will affect USRX. We have the bad taste already.
Xy
Shiva Corp sees Q4 EPS well below consensus
BEDFORD, Mass., Jan 7 (Reuter) - Shiva Corp said Tuesday it expected earnings for the fourth quarter in the range of $0.05 and $0.07 per share, sharply below the current First Call analysts' consensus of $0.21 per share.
In a release, the company offered no explanation for the shortfall, which it described as based on preliminary calculations. Company
officials were not immediately available to comment.
In the statement, the company said it expected total revenue for the quarter ending December 28, 1996 to be about $48 to $50 million,
That range would represent a sequential decline from the $57.1 million in revenues reported in Shiva's third quarter ended in September. The company reported $35.6 in revenues for the fourth quarter ended December 30, 1995.
It said final results for the fourth quarter and 1996 year will be reported January 23, after the close of the market.
-- E. Auchard, New York newsdesk, 212-859-1736 |
