Printer Friendly

/C O R R E C T I O N -- Electro Rent Corp./

 /C O R R E C T I O N -- Electro Rent Corp./
 In LA012, Electro Rent Posts Sharply Higher Third Quarter and Nine


Months Net Income Per Share, moved earlier today, we are advised by the company that the second graph, last line should read "Third quarter revenues increased to $26,010,000" rather than "increased to $26,035,000" as originally issued. The third graph, last line should read "Nine month revenues amounted to $76,936,000" rather than "$76,872,000" as originally issued.
 In the table, under Three Months Ended, Feb. 29, 1992, Revenues should read "$26,010" rather than "$26,035," and Depreciation and other cost of revenues should read "$14,495" rather than "$14,520." Under Nine Months Ended, Feb. 29, 1992, Revenues should read "$76,936" rather than "$76,872," and Depreciation and other cost of revenues should read "$40,964" rather than "$40,900" as originally issued.
 The corrected table follows:
 ELECTRO RENT CORP.
 Consolidated Statements of Income
 (in thousands, except per share information)
 (unaudited)
 Three Months Ended Nine Months Ended
 Feb. 29, Feb. 28, Feb. 29, Feb. 28,
 1992 1991 1992 1991
 Revenues $26,010 $25,280 $76,936 $76,536
 Depreciation and
 other cost of
 revenues $14,495 $13,845 $40,964 $40,720
 SG&A expenses $7,326 $7,266 $22,490 $22,521
 Interest expense $786 $1,352 $2,558 $4,404
 Total costs and
 expenses $22,632 $22,463 $65,948 $67,645
 Income before taxes
 based on income $3,403 $2,817 $10,924 $8,891
 Taxes based on
 income $1,361 $1,127 $4,370 $3,556
 Net income $2,042 $1,690 $6,554 $5,335
 Net income per
 share (a) $0.34 $0.27 $1.06 $0.85
 Average shares
 outstanding (a) 6,093 6,288 6,180 6,288
 (a) Per share data and average shares outstanding adjusted to reflect the 3-for-2 stock split distributed on Feb. 28, 1992.
 -0- 3/30/92 C LA012
 (ELRC) CO: Electro Rent Corp. ST: California IN: CPR SU: ERN


AL-KJ -- LA012X -- 3099 03/30/92 17:31 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:Mar 30, 1992
Words:353
Previous Article:BOB EVANS FARMS ACQUIRES HICKORY SPECIALTIES
Next Article:AMERICAN STOCK EXCHANGE DAILY REPORT
Topics:


Related Articles
IBM AND MULTI SOFT SIGN SOFTWARE MARKETING AGREEMENT
DCA ANNOUNCES SELECT COMM SERVER WITH PC ROUTER SUPPORT
IBM Ships OS/390 2.7, Previews Future Releases.
A magical pair of 6x6 chemical squares.
ACCESS' NetFront Mobile Content Viewer Selected for Adobe GoLive CS 2; ACCESS Solution Provides Advanced Preview and Test Environment for Mobile...
Compuware Delivers Enhanced Enterprise Test Data Management Solution; Compuware File-AID/CS 3.0 Offers Rich Data-Management Functionality With...
Patients With HIV-Associated Wasting Gain More Weight With Concentrated Form of Megestrol Acetate, Study Shows.
Safety and efficacy of two preparations of megestrol acetate in HIV-infected individuals with weight loss in Africa, India, and the United States.
Efeito de simbiotico na racao inicial de frangos de corte sobre o desempenho, qualidade de carcaca e carne.
If You Purchased or Otherwise Acquired Any of the Securities Listed Below in the Date Ranges Set Forth Below, You May Be a Settlement Class Member...

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters