Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: LABMAN who wrote (15068)	4/16/1999 9:11:00 AM
From: Paul Lee	Respond to of 29382

AIRM, anyone remember this one Air Methods Expects to Report 1Q99 Profit of $0.06-$0.08 Per Share, Ahead of Expectations DENVER, April 16 /PRNewswire/ -- Air Methods Corporation (Nasdaq: AIRM) said it expects to report a profit of $0.06 to $0.08 per share for the first quarter ended March 31, 1999, ahead of earlier expectations of near breakeven performance. Aaron Todd, Chief Financial Officer, explained that the Company's Fiscal 1999 Growth Plan was producing results earlier than expected in all major operations, increasing confidence that the Company can achieve its goal of producing significant growth in profitability this year with earnings equal to or better than its best year. Mr. Todd commented, "The quarter was favorably impacted by strong flight volume within both Mercy Air's and the Flight Services Division's operations, especially during March. Flight volume strength was realized in both existing and new markets. The quarter also benefited from on budget performance from the Products Division and maintenance expenditures. In addition, Mercy Air collections were strong, reducing bad debt expense." Actual first quarter results are expected to be announced in early May. In the year ago first quarter the Company reported a profit of $0.11 per share, which included $0.08 per share from the gain on the disposition of a helicopter, net of related costs. Air Methods reported a record $0.21 earnings per share for the year ended 1997. Air Methods Corporation (http://www.airmethods.com) is a leader in emergency aeromedical helicopter transportation, medical services, and technology. The Flight Services Division is one of the largest providers of air medical transport services for hospitals. The Mercy Air subsidiary is one of the largest independent providers of air medical services. The Products Division specializes in the design and manufacture of aeromedical technology. The Company's fleet of owned, leased or maintained aircraft features 42 helicopters and 5 fixed wing aircraft