Thursday November 12, 6:57 pm Eastern Time
K-Tel Q1 results
CALABASAS, Calif., Nov 12 (Reuters) -
K-TEL INTERNATIONAL INC. AND SUBSIDIARIES
Consolidated Statements of Operations
(In thousands, except per-share data)
Three months ended
Sept. 30,
(unaudited)
1998 1997
Net sales $18,792 $25,135
Costs and expenses 21,953 23,742
Operating income (loss) $(3,161) $ 1,393
Nonoperating income (expense) 30 (84)
Income (loss) before provision for taxes (3,131) 1,309
Benefit (provision) for income taxes 54 (102)
Net income (loss) $(3,077) $ 1,207
Net income (loss) per share:
Basic $ (.37) $ .16
Diluted $ (.37) $ .15
Weighted average number of shares outstanding:
Basic 8,318 7,610
Diluted 8,318 8,013
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