Allen Group characterizes third quarter earnings.
with analysts after the stock market closed Monday, The Allen Group Inc. ("Allen") indicated that it expected to report earnings per common share from 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 of approximately $.27 - $.28 for the quarter ended September 30, 1995, in line with analysts' expectations. Earnings per common share from continuing operations for the third quarter in 1994 were $.21. Allen's continuing operations include the Mobile Communications and Centralized cen·tral·ize
v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es
1. To draw into or toward a center; consolidate.
2. Automotive Emission Testing segments, and excludes the Truck Products segment which was spun-off to shareholders on September 29, 1995. The Truck Products results (and the costs associated with this spin-off) will be reported as discontinued operations Discontinued operations
Divisions of a business that have been sold or written off and that no longer are maintained by the business. .
Robert G. Paul, President and Chief Executive Officer of The Allen Group, stated: "Our earnings from continuing operations continued to grow in the third quarter, reflecting ongoing strength in the world-wide wireless communications wireless communications
System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. market. We expect to release our full earnings statement for the third quarter on November 1, 1995, which will also include the discontinued operations."
The Allen Group Inc. (NYSE NYSE
See: New York Stock Exchange symbol - ALN ALN Asynchronous Learning Networks (e-learning)
ALN Aluminum Nitride (ceramic substrate material used for heat dissipation in electronics)
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ALN Adaptive Logic Network ) is a leading supplier to the worldwide two-way wireless communications marketplace of systems expansion, site management products and antennas; provides frequency planning, systems engineering services and design programs to current and emerging wireless markets; and operates centralized automotive emissions inspection programs.
CONTACT: The Allen Group Inc., Beachwood
Robert A. Youdelman, 216/765-5820