Radica Games 1Q Net 16c A Share Diluted Vs 41c
Dow Jones Newswires
Radica Games Ltd. - Hong Kong
1st Quar March 31:
1999 1998
Sales $17,906,000 $27,973,000
Net income 3,154,000 8,828,000
Avg shrs (basic) 18,954,712 20,378,811
Avg shrs (diluted) 20,004,552 21,677,908
Shr earns (basic)
Net income .17 .43
Shr earns (diluted)
Net income .16 .41
Radica Games Ltd. said financial results in the year-ago first quarter were "unusually strong," due
to the timing of key product introductions.
The operating margin was 15.4% in the latest first quarter, down from 29.7% in the year-earlier
quarter.
Radica Games, a Bermuda company with headquarters in Hong Kong, makes and sells electronic
games.
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Don't they issue press releases anymore?
In case anyone's wondering, the estimates called for .29, so RADA
missed by a lot. I think we're going down hard tomorrow, and I'm not
happy with the company. It's not a good excuse to say that last year
was very strong.
Todd |
