CDA Revenues Down 15% Over the Second Quarter of Prior Year But in Line With Forecast Expectations.SPOKANE, Wash.--(BUSINESS WIRE)--May 7, 1999-- The Coeur d'Alenes Coeur d'Alene, city, United States Coeur d'Alene (kûrdəlān`), city (1990 pop. 24,563), seat of Kootenai co., N Idaho, near the Wash. line; inc. 1907. Company, (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). BB:CDAL) or (Spokane OTC:CDA (1) (Compact Disc Audio) The compact disc file extension that is seen on the computer in Explorer or some other file manager. CDA files are actually pointers to the locations of the individual tracks on the CD medium. See CD-DA. Co), announced a net loss of .4 of a cent per share for the second quarter of the current fiscal year, compared to a net income of .4 of a cent per share for the second quarter of the prior fiscal year. Revenues for the second quarter of 1998/99 were 15% lower than the same quarter of the prior year. Gross margins decreased by 15%. Sales for the three month period ended March 25, 1999 are 15% lower than the same three month period of the prior year, resulting in a net loss of $22,353, compared to a net income of $25,807 for the same period of the prior year. Service center sales declined by 13% and fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. sales were down 35%. These declines were anticipated due to declining metal prices and sluggish demand for fabricated fab·ri·cate tr.v. fab·ri·cat·ed, fab·ri·cat·ing, fab·ri·cates 1. To make; create. 2. To construct by combining or assembling diverse, typically standardized parts: metal products. Both situations show signs of improving going forward into the third quarter. Operating expense Operating Expense The essential things that a company must purchase in order to maintain business. Notes: For example, the payment of employees wages are an operating expense. Also known as OPEX. for the three month period ending March 25, 1999 were 4% lower than for the same period of time for the prior year. The steel distribution business, Stock Steel, recently purchased a second press brake. The new addition is 175 Ton x12' and will greatly enhance the Company's ability to service the customers in our market area. The Coeur d'Alenes Company will begin their 116th year of operation during 1999. CDA started business in Murray Murray, river, Australia Murray, principal river of Australia, 1,609 mi (2,589 km) long, rising in the Australian Alps, SE New South Wales, and flowing westward to form the New South Wales–Victoria boundary. , Idaho during 1884 as a supplier of metals and tools to mining prospectors of North Idaho's famed Coeur d'Alene Mining District. -0- The Coeur d'Alenes Company Three Month Period Ended March 25, 1999 1998 Revenues $2,840,819 $3,341,738 Net income (loss) $ (22,353) $25,807 Income (loss) per share (primary) $ 0.00 $ 0.00 Income (loss) per share (diluted) $ 0.00 $ 0.00 Six Month Period Ended March 25, 1999 1998 Revenues $6,348,465 $6,569,918 Net Loss $ (40,535) $ (5,502) Loss per share (primary) $ 0.01 $ 0.00 Loss per share (diluted) $ 0.01 $ 0.00 |
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