Applied Cellular estimates fourth quarter earnings.NIXA, Mo.--(BUSINESS WIRE)--Dec. 18, 1995--Applied Cellular Technology 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 :ACTC ACTC Apple Certified Technical Coordinator ACTC Almaden Cycle Touring Club ACTC Associated Colleges of the Twin Cities ACTC All Ceylon Tamil Congress (Sri Lanka) ACTC Association Canadienne de Télévision par Câble ) Monday announced it estimates fourth quarter earnings per share on common stock of $0.03 vs. a loss of $(0.31) in the comparable fourth quarter period 1994. The company also estimated total earnings per share for the year of between $0.18 and $0.20 vs. a loss in 1994 of $(0.82) on common stock. Management further indicated a preliminary estimate for earnings per share on a fully diluted basis for 1996 of $0.40 per common share. Richard J. Sullivan, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. commented, "While there are several significant accounting variables in our company's forecasting capabilities which can impact reported earnings, at this point in time, based upon our current corporate structure and shares outstanding, we feel that these future estimates reflect as closely as possible the company's expected return Expected Return The average of a probability distribution of possible returns, calculated by using the following formula: to shareholders." Applied Cellular Technology Inc. is a leading-edge computer software development tools marketer, specializing in RF 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. applications, installations, and components for wholesale, distribution, manufacturing, and medical industries. CONTACT: REOVEST Inc., Golden, Colo. Bob Oberndorf, 303/642-0073 Fax: 303/642-0754 |
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