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Strategies & Market Trends : Position Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (3795)	10/20/1998 4:54:00 PM
From: S Wilks	Respond to of 7247

OUTDOOR SYSTEMS Q3 DIL SHR $0.07 VS $0.04 PHOENIX--(BUSINESS WIRE)--Oct. 20, 1998-- Third Quarter 1998 NET REVENUES UP 46.9 percent EBITDA UP 59.4 percent Outdoor Systems Inc. (NYSE:OSI) Tuesday reported record net revenues of $193.9 million for the third quarter of 1998 vs. $132.0 million for the third quarter of 1997. EBITDA for the third quarter of 1998 was $96.6 million vs. $60.6 million for the third quarter of 1997. Net income was $13.4 million for the third quarter of 1998 vs. $7.7 million for the third quarter of 1997. Net revenues for the nine months ended Sept. 30, 1998 were $514.4 million vs. $311.6 million for the nine months ended Sept.30, 1997. EBITDA for the nine months ended Sept. 30, 1998 was $243.9 million vs. $129.8 million for the nine months ended Sept. 30, 1997. Net income was $28.2 million for the nine months ended Sept. 30, 1998 vs. $8.0 million for the nine months ended Sept. 30, 1997. "We are very excited about our third quarter results and our position in preparing our company for 1999 and beyond," said Arte Moreno, president and chief executive officer of Outdoor Systems Inc.