AT&T Capital Files Form 10-Q.MORRISTOWN Morristown. 1 Town (1990 pop. 16,189), seat of Morris co., N N.J., on the Whippany River; settled c.1710, inc. 1865. Although chiefly residential, it has diverse manufactures, including electronic products, health and beauty aids, auto parts, and , N.J.--(BUSINESS WIRE)--Nov. 13, 1997--Earlier today, AT&T Capital Corporation filed its quarterly report on Form 10-Q Form 10-Q See 10-Q. with the Securities and Exchange Commission. In the filing, the company reported net income of $13.2 million for the third quarter of 1997 and $35.8 million for the first nine months of the year. On November November: see month. 4, 1997, AT&T Capital announced its third quarter earnings. In that news release, the company announced the same net income amounts reported today, and also announced plans for the company to exit certain businesses, representing approximately 11 percent and nine percent of the company's assets and revenues, respectively, as of September 30, 1997, and for the nine months then ended. In that release, the company also separately disclosed net income from the continuing operations continuing operations Parts of a business that are expected to be maintained as an ongoing segment of an overall business operation. Income and losses from continuing operations are reported separately if any segments have been discontinued during the ($12.8 million for the third quarter and $32.9 million for the first three quarters of 1997) and from discontinued operations Discontinued operations Divisions of a business that have been sold or written off and that no longer are maintained by the business. . The company's report on Form 10-Q filed today confirms the plans of the company to exit certain businesses, as previously announced. However, the Form 10-Q does not separately report results for such businesses. CONTACT: For more information: David P. Caouette 973-397-8724 (office) 201-435-3494 (home) |
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