Good morning,Yesterday -Barringer Technologies announced results for its third quarter and nine months ended September 30, 1999. For the third quarter of 1999, revenues increased 72.5% to $5.3 million compared to $3.1 million in the third quarter of 1998. On a pretax basis, earnings from continuing operations rose 244% to $1.2 million in the 1999 third quarter from $338,000 in the comparable 1998 quarter. Income from continuing operations of $720,000 or $0.10 per diluted share in the third quarter of 1999 is not comparable to income from continuing operations of $533,000 or $0.06 per diluted share in the same quarter in 1998, because in the third quarter of 1999 the Company recorded tax expense of $442,000 whereas in the 1998 third quarter the Company recorded a tax benefit of $195,000. Net income in the third quarter of 1999 rose 69.4% to $720,000, or $0.10 per diluted share compared to net income of $425,000 or $0.05 per diluted share in the third quarter of the prior year period. The results for the third quarter of 1998 include a loss from the Company's discontinued DigiVision operation of $108,000, or $0.01 per diluted share. Click on the news link above to read the full press release.Keep Foolish and Prosper, Spirit PS: If you're new to the message boards, welcome to The Motley Fool...If you need any help try going to our Fool school at: http://www.Fool.com/school.htm and read the 13 steps to Investing, Investing Basics and much more.
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