Auto-Graphics, Inc. Announces Third Quarter Earnings.POMONA, Calif. -- Auto-Graphics, Inc. (Pink Sheets:AUGR) reported that operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. was $60,000 for the quarter ended September 30, 2005 up 52% from $39,000 for the same period in 2004. This performance represents fifteen consecutive quarters in which the Company has delivered positive operating income. The Company's net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight were $1,305,000 for the quarter ended September 30, 2005, up slightly from $1,299,000 for the same period in 2004. Net income was $63,000 for the quarter ended September 30, 2005, which is up 100% from the net income of $31,000 for the same period in 2004. 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 were $0.01 in both 2005 and 2004, respectively. The Company's year-to-date Year-to-date (YTD) The period beginning at the start of the calendar year up to the current date. net sales were $3,852,000 for the nine months ended September 30, 2005 down slightly from $3,867,000 for the same period in 2004. Net income was $152,000 for the nine months ended September 30, 2005 up 48% from $103,000 for the same period in 2004. Basic and diluted earnings per share were $0.03 in 2005 and $0.02 in 2004, respectively. Auto-Graphics provides applications software and Web hosting services A web hosting service is a type of Internet hosting service that allows individuals and organizations to provide their own websites accessible via the World Wide Web. Web hosts are companies that provide space on a server they own for use by their clients as well as providing to clients who create, manage, publish and access information using the Internet. Visit http://www.auto-graphics.com/ for additional information. |
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