Correcting Detection Systems' financial table, Net Sales for Three Months Ended Dec. 31, 1993 should read $8,300,000, sted $6,300,000.--(BUSINESS WIRE)-- In BW1336 (DETECTION-SYSTEMS) Reports Results For The Quarter Ended Dec. 31, 1994; in the financial table, 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 for Three Months Ended Dec. 31, 1993 should read $8,300,000, sted $6,300,000 A corrected table follows: -0-
Financial Results:
Three Months Ended Nine Months Ended
Dec. 31, Dec. 31,
1994 1993 1994 1993
Net sales $9,415,000 $8,300,000 $26,259,000 $23,211,000 Income before taxes 912,000 707,000 2,362,000 1,210,000 Provision for taxes 343,000 270,000 875,000 468,000 Cumulative effect of accounting change 0 0 0 131,000 Net income 569,000 437,000 1,487,000 873,000 Earnings per share $0.20 $0.15 $0.52 $0.31 Shares outstanding 2,755,121 2,700,754 2,755,121 2,700,754 CONTACT: Detection Systems Inc. Frank Ryan Frank Ryan is the name of:
or The Equity Group Inc. Linda A set of parallel processing functions added to languages, such as C and C++, that allows data to be created and transferred between processes. It was developed by Yale professor David Gelernter, when he was a 23-year old graduate student. Latman, 212/836-9609 |
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