HH.. another earnings play. wasn't necessary to hold through earnings although yesterday HH closed yesterday at the high of the day, one of the few stocks that accomplished that feat.
Hooper Holmes Announces Record Fourth Quarter
And Year End Operating Results
Fourth Quarter Earnings Per Share From Continuing Operations Increased 40% to $0.14
BASKING RIDGE, N.J., Feb. 18 /PRNewswire/ -- Hooper Holmes, Inc. (Amex: HH - news) today reported record
operating results for the fourth quarter and year ended December 31, 1998, on a post split basis.
Revenues for the fourth quarter increased 13% to $48.1 million, the fourth consecutive quarter of double digit revenue growth.
Operating income grew at a significantly greater rate to $7.1 million, a 40% increase over the $5.1 million reported for the same
period last year. Net income from continuing operations grew to $4.1 million, a 43% increase over net income of $2.9 million
reported for the comparable period last year. In addition, an after tax charge from discontinued operations of $1.5 million was
recorded during the quarter. The charge evolved from residual workers' compensation charges and certain reimbursement
issues associated with the divestiture of Nurse's House Call in fiscal 1995. Excluding the discontinued operations charge, split
adjusted earnings per diluted share for the fourth quarter were $0.14 compared with the $0.10 reported in the fourth quarter of
1997.
For the year ended December 31, 1998, revenue increased 12% to $185.2 million. Operating income grew 57% to $25.6
million, compared to the $16.3 million reported for the twelve month period of fiscal 1997. Income from continuing operations
rose 62% to $14.2 million over the $8.8 million reported for the comparable period last year. Split adjusted earnings per
diluted share, excluding the charge, increased 55% to $0.48 over the $0.31 reported last year. |
