Aerovox Restates Earnings Per Share.NEW BEDFORD New Bedford, city (1990 pop. 99,922), seat of Bristol co., SE Mass., at the mouth of the Acushnet River on Buzzard's Bay; settled 1640, set off from Dartmouth 1787, inc. as a city 1847. , Mass.--(BUSINESS WIRE)--Aug. 19, 1999-- Aerovox Incorporated (Nasdaq/NM:ARVX) today announced that its second quarter and year-to-date earnings per share have been recalculated. Basic and diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of for the second quarter ending July 3, 1999 now equal $0.15, replacing a previously reported amount of $0.13 per share. Year-to-date 1999 earnings have been revised to $0.21 per share from a previously reported $0.20 per share. The change reflects the non-dilutive effect of securities issued in connection with the acquisition of Compania General de Electronica of Mexico City Mexico City Spanish Ciudad de México City (pop., 2000: city, 8,605,239; 2003 metro. area est., 18,660,000), capital of Mexico. Located at an elevation of 7,350 ft (2,240 m), it is officially coterminous with the Federal District, which occupies 571 sq mi during the second quarter. There were no other revisions to the financial statements for the second quarter ending July 3, 1999. Aerovox manufactures film, paper and aluminum electrolytic e·lec·tro·lyt·ic adj. 1. Of or relating to electrolysis. 2. Produced by electrolysis. 3. Of or relating to electrolytes. e·lec capacitors. The Company sells its products worldwide, principally to original equipment manufacturers as components in electrical and electronic equipment. In addition to its plant in New Bedford, Massachusetts New Bedford is a city in Bristol County, Massachusetts, located about 51 miles (82 kilometers) south of Boston, 28 miles (45 kilometers) southeast of Providence, Rhode Island, and about 12 miles (19 kilometers) east of Fall River. , Aerovox has operations in Huntsville, Alabama; Juarez and Mexico City, Mexico; and Weymouth, England. |
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