Care Group record third quarter revenues top $10 million; earnings per share 5 cents.LAKE SUCCESS, N.Y.--(BUSINESS WIRE)--Nov. 7, 1994--The Care Group Inc. (NASDAQ/NMS:CARE), reported earnings of $368,000 or 5 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. on revenues of $10,210,000 for the third quarter ended Sept. 30, 1994 as compared to earnings of $175,000 or 3 cents per share on revenues of $7,536,000 for the same period last year. For the nine months ended Sept. 30, 1994, the company reported net earnings of $1,026,000 or 14 cents per share on revenues of $26,624,000 vs. net earnings of $343,000 or 6 cents per share on revenues of $22,612,000 for the nine months ended Sept. 30, 1993. In making the announcement, Ann ANN, Scotch law. Half a year's stipend over and above what is owing for the incumbency due to a minister's relict, or child, or next of kin, after his decease. Wishaw. Also, an abbreviation of annus, year; also of annates. In the old law French writers, ann or rather an, signifies a year. Mittasch, president, attributed the increase in the quarterly and nine months earnings per share to substantial sales improvement throughout the company's network of offices. "The impact of these factors, we believe, should continue into the fourth quarter with revenues and profits remaining strong. Our recent acquisitions of two health care companies will expand the company's leadership position which is continuing to develop." The Care Group Inc. provides high tech home health care. The Care Group's nursing and pharmaceutical division provides home and alternative site care through its branch networks in Atlanta Atlanta (ətlăn`tə, ăt–), city (1990 pop. 394,017), state capital and seat of Fulton co., NW Ga., on the Chattahoochee R. and Peachtree Creek, near the Appalachian foothills; inc. 1847. , Austin Austin. 1 City (1990 pop. 21,907), seat of Mower co., SE Minn., on the Cedar River, near the Iowa line; inc. 1868. The commercial and industrial center of a rich farm region, it is noted as home to the Hormel meatpacking company, whose Spam Town museum , Texas, Dallas, Houston, Long Island, N.Y.; Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. and New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . The Medical Equipment and Diagnostic Services diagnostic services, n.pl the imaging and laboratory capabilities available for determining the cause of an illness. Division's national sales force markets therapeutic and diagnostic modalities Modalities The factors and circumstances that cause a patient's symptoms to improve or worsen, including weather, time of day, effects of food, and similar factors. utilized at home, in the hospital or in alternative sites. -0-
The Care Group Inc.
Selected Financial Data
(000s omitted except per share data, unaudited)
Three Months Ended Nine Months Ended
Sept. 30, Sept. 30,
1994 1993 1994 1993
Net operating
revenue $ 10,210 $ 7,536 $ 26,624 $ 22,612
Net income 368 175 1,026 343
Earnings per share .05 .03 .14 .06
Weighted average
common and common
equivalent shares
outstanding 7,985 6,052 7,589 6,018
-0-
CONTACT: The Care Group Inc.
Pamela Greenfield, 800/999-0576
or
KCSA
Les Schupak/Joseph Mansi, 212/682-6300 - ext. 207/205
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