American Claims Evaluation reports third quarter and nine months results.JERICHO Jericho, city, West Bank Jericho (jĕr`ĭkō) [Heb.,=fragrant, or city of the moon god], Arab. Ariha, town (2003 est. pop. , N.Y.--(BUSINESS WIRE)--Jan. 23, 1997--American Claims Evaluation Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AMCE AMCE Appliance Manufacturer Conference & Expo ) announced consolidated revenues of $719,680 and net earnings per share of 1 cent for the third quarter ended Dec. 31, 1996 as compared to revenues of $1,356,754 with net earnings per share of 5 cents for the corresponding period ended Dec. 31, 1995. During the nine month period ended Dec. 31, 1996, the company had consolidated revenues of $2,411,326 and net earnings of 9 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. as compared to revenues of $4,133,698 with net earnings per share of 11 cents for the nine months ended Dec. 31, 1995.
3 Months Ended 9 Months Ended
12/31/96 12/31/95 12/31/96 12/31/95
Revenues $ 719,680 $1,356,754 $2,411,326 $4,133,698
Operating earnings
(loss) (45,352) 37,551 (43,628) 231,588
Earnings before provision
for income taxes 64,796 315,537 592,460 781,201
Net earnings 44,796 195,537 377,460 471,201
Net earnings per share
of common stock $ .01 $ .05 $ .09 $ .11
Weighted average common
share and common
share equivalents 4,073,500 4,250,824 4,177,395 4,250,697
Demand for hospital bill audit services has continued to decline throughout the nine month period ended Dec. 31, 1996 resulting in total revenues which are significantly lower than the comparable period last year. Management anticipates that this trend will continue as many of its clients negotiate alternative arrangements directly with hospitals and other full service managed care entities. Vocational rehabilitation Noun 1. vocational rehabilitation - providing training in a specific trade with the aim of gaining employment rehabilitation - the restoration of someone to a useful place in society revenues decreased by approximately 12.4% and 8.1% during the three and nine month periods, respectively, ended Dec. 31, 1996 as compared to last year's comparable periods. CONTACT: American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Claims Evaluation Inc. Gary Gary, city (1990 pop. 116,646), Lake co., NW Ind., a port of entry on Lake Michigan; inc. 1909. Gary was founded by the U.S. Steel Corporation, which purchased the land in 1905 and landscaped it for a city. J. Knauer, 516/938-8000 |
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