3 to watch tomorrow: TALX, WSTF and LFB..
LFB coming out of a losing quarter, WSTF making some recovery and TALX
With the recoveries in some of these companies like WSTF soon others will be recovering as well, much like a microcosm of AMAT's recovery. Its interesting to find these little ones and then go up one notch for the next small caps like RCMT.
TALX Reports Strong Revenue and Earnings Improvement for Fiscal 1999
Fourth Quarter, Full Year
ST. LOUIS--(BUSINESS WIRE)--May 19, 1999--TALX Corporation (NASDAQ: TALX - news) today reported earnings of $421,000, or $0.08 per share,
from continuing operations for the fiscal fourth quarter ended March 31, 1999, compared with a loss of $1.3 million, or $0.25 per share, for the year-ago period.
Revenues climbed 85 percent to $7.9 million for the quarter from the prior-year $4.2 million.
For fiscal 1999, the company earned $402,000, or $0.07 per share, which included a restructuring charge of $312,000, after taxes. On an operating basis,
therefore, earnings for fiscal 1999 were $714,000, or $0.13 per share, compared with a loss of $710,000, or $0.13 per share, for fiscal 1998. Revenues grew 42
percent to $30.1 million for the year from the prior-year $21.3 million.
''The improved overall financial performance primarily reflects the continued strong performance of The Work Number® and the realization of savings from changes
we made earlier in the year to align our software business more closely with its changing market,'' William W. Canfield, chairman and chief executive officer, stated.
''We were delighted that for the year The Work Number® and outsourced services businesses achieved revenue growth rates of 113 percent and 75 percent,
respectively, over last year,'' Canfield said. ''We also achieved substantial gross margin improvements in both businesses this past year.'' The gross margin
percentage increased by 7.9 percent to 65.6 percent for The Work Number® and by 5.8 percent to 37.1 percent in outsourced services. |
