Can anyone explain whether these are good or bad numbers? (Sorry, I couldn't make it come out in columns.)
Thanks!
Hummingbird Communications Ltd. - Toronto
2nd Quar March 31:
1999 1998
Sales $34,351,000 $31,664,000
Net income 1,956,000 a 2,550,000
Avg shares (basic) 15,370,000 15,452,000
Avg shares (diluted) 15,436,000 15,720,000
Shr ern (basic)
Net income .13 a .17
Shr ern (diluted)
Net income .13 a .16
6 months:
Sales 64,965,000 62,938,000
Net income 7,186,000 a 9,566,000
Avg shares (basic) 15,471,000 15,446,000
Avg shares (diluted) 15,537,000 15,843,000
Shr ern (basic)
Net income .47 a .62
Shr ern (diluted)
Net income .47 a .60
a. Includes restructuring charges of $5.7 million. The impact on share earnings wasn't provided.
Hummingbird Communications Ltd. (HUMC), Toronto, said its results are according to U.S. generally accepted accounting principles.
The company said that, excluding the results of two acquisitions completed during the quarter, net income for the quarter was $6.5 million, or 42 cents a basic and diluted share.
According to Canadian GAAP, the company had net income of $3 million or 19 cents a basic share in the latest quarter, versus $1.4 million or 9 cents a year earlier. Net income for the
six months was $6.2 million or 40 cents a basic share versus $9.3 million or 63 cents.
Hummingbird develops enterprise software products including network connectivity and business intelligence products. |
