Printer Friendly

NATIONAL MEDIA REPORTS RESULTS

 NATIONAL MEDIA REPORTS RESULTS
 PHILADELPHIA, Feb. 14 /PRNewswire/ -- National Media Corporation


(NYSE: NM) announced today financial results for the third quarter ended Dec. 31, 1991.
 For the three months ended Dec. 31, National Media had net revenues of $27,438,400 compared with $18,295,800 for the same three-month period last year. The net loss for the quarter ended Dec. 31, 1991, was ($4,088,800) or ($.37) per common share. The loss reflects increased selling, general and administrative expenses due to reserves for anticipated legal settlements and the realignment of the company's U.S. operating units as well as administrative costs associated with operating its newly acquired Quantum organizations. Revenues increased because the company's new products generated a greater level of consumer response than in the comparable quarter in the prior year.
 NATIONAL MEDIA CORPORATION AND SUBSIDIARIES
 Consolidated Statements of Operations
 (Unaudited)
 Three months ended Dec. 31 1991 1990 Pct. chg.
 Net revenues $27,438,400 $18,295,800 50
 Income (loss) from
 continuing operations (4,088,800) (813,800) N/A
 Loss from discontinued operations
 of NSI net of income taxes --- (461,900) N/A
 Gain on sale of NSI net of
 income taxes --- --- N/A
 Net income (loss) (4,088,800) (1,275,700) N/A
 Income (loss) per common share:
 Continuing operations ($.37) ($.07) ---
 Discontinued operations of NSI .00 (.04) ---
 Gain on sale of NSI .00 .00 ---
 Net income (loss) (.37) (.11) ---
 Weighted average number of
 common shares outstanding 11,114,700 11,102,600 ---
 Nine months ended Dec. 31 1991 1990 Pct. chg.
 Net revenues $66,478,400 $88,158,100 (25)
 Income (loss) from
 continuing operations (8,078,600) 3,484,700 N/A
 Loss from discontinued operations
 of NSI net of income taxes --- (247,200) N/A
 Gain on sale of NSI net of
 income taxes 2,169,000 --- N/A
 Net income (loss) (5,909,600) 3,237,500 N/A
 Income (loss) per common share:
 Continuing operations ($.73) $.31 ---
 Discontinued operations of NSI .00 (.02) ---
 Gain on sale of NSI .20 .00 ---
 Net income (loss) (.53) .29 ---
 Weighted average number of
 common shares outstanding 11,135,800 11,297,400 ---
 /delval/
 -0-
 2/14/92
 /CONTACT: William H. Campbell, vp and secretary of National Media, 215-482-9800/
 (NM) CO: National Media Corporation ST: Pennsylvania IN: ADV SU: ERN


CC-LJ -- PH028 -- 0349 02/14/92 16:27 EST
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 14, 1992
Words:396
Previous Article:XATA CORPORATION ANNOUNCES RESULTS
Next Article:FEDERAL EXPRESS REPORTS JANUARY VOLUME
Topics:


Related Articles
NATIONAL MEDIA CORPORATION REPORTS FOURTH QUARTER NET INCOME OF $1.1 MILLION AND LOSS OF $4.9 MILLION FOR FISCAL YEAR
NATIONAL MEDIA CORPORATION REPORTS FOURTH QUARTER NET INCOME OF $1.1 MILLION AND LOSS OF $4.9 MILLION FOR FISCAL YEAR
NATIONAL MEDIA CORPORATION REPORTS FIRST QUARTER NET INCOME OF $1.8 MILLION
NATIONAL MEDIA CORPORATION REPORTS SECOND QUARTER NET INCOME OF $1.4 MILLION
VALUEVISION INTERNATIONAL INC. FILES 13-D; SEEKS TO ACQUIRE NATIONAL MEDIA CORP.
NATIONAL MEDIA CORPORATION REPORTS FOURTH QUARTER AND FISCAL YEAR END RESULTS
NATIONAL MEDIA CORPORATION REPORTS FIRST QUARTER EARNINGS AND RECORD REVENUES
National Media Expects Loss in Its Third Fiscal Quarter
National Media Corporation Reports Loss for Fiscal Year And Fourth Fiscal Quarter
Broadcast.Com and National Media Sign Agreement to Broadcast The First 24-Hour Video Shopping Channels Via the Internet

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters