REVENUE, NET LOSS BOTH UP AT SPECIALTY LABORATORIES.Byline: Daily News VALENCIA Valencia, region, Spain Valencia (välān`thēä), autonomous region (1990 pop. 3,902,429) and former kingdom, E Spain, on the Mediterranean. It now comprises the provinces of Alicante, Castellón, and Valencia. - Specialty Laboratories Inc. claimed a 17.3 percent increase in revenue in the first quarter, but a loss of $10 million related to its recent move to Valencia, severance packages A severance package is pay and benefits an employee receives when they leave employment at a company. In addition to the employee's remaining regular pay, it may include some of the following:
Specialty Labs, a leading hospital-focused clinical reference laboratory, reported its net revenue was $36.7 million over the $31.3 million in the first three months of 2004. But the net loss of $10.2 million - 44 cents a share - was more than four times the loss of the same period a year ago. The loss includes an income tax charge of $5.9 million, $600,000 to close its former Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. facilities, $1.7 million in severance The act of dividing, or the state of being divided. The term severance has unique meanings in different branches of the law. Courts use the term in both civil and criminal litigation in two ways: first, when dividing a lawsuit into two or more parts, and second, when and organizational change costs. Excluding those expenditures, the net loss was $2.1 million. Total testing volume, measured by the number of patients served, increased 32.4 percent for the first quarter from a year ago. An increase in Specialty's independent laboratory business, which began during last year's third quarter, accounted for approximately 135,000 patients - and revenues of approximately $1.8 million in the first quarter 2005. ``Specialty's test volumes continued to grow during first quarter 2005, reflecting the marketplace's recognition of Specialty's high quality testing and top-notch customer service,'' said Richard Ri·chard , Joseph Henri Maurice Known as "Rocket." 1921-2000. Canadian hockey player. A right wing for the Montreal Canadiens (1942-1960), he led his team to eight Stanley Cup championships and was the first player to score 50 goals in a K. Whitney, chairman of the board. The company is in the midst Adv. 1. in the midst - the middle or central part or point; "in the midst of the forest"; "could he walk out in the midst of his piece?" midmost of a three-year recovery that included big investments in the to support future business expansion, Whitney said. ``While our focus on growth has not changed, we have more work to do in order to improve our margins and deliver acceptable returns to our investors. We are both optimistic op·ti·mist n. 1. One who usually expects a favorable outcome. 2. A believer in philosophical optimism. op with regard to the ultimate outcome and realistic regarding the time and effort it will take to get there.'' Specialty has initiated a search for a new chief executive officer, an effort by the board and a executive search firm. |
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