Printer Friendly

/C O R R E C T I O N -- IRT CORP./

 In NY012, "IRT Corporation Announces Financial Results for Third Quarter, Fiscal 1993" moved earlier today, we have been advised by the company that in the tabular material entitled "Detailed Results of Third Quarter and First Nine Months of Fiscal Years 1993 and 1992 Ended Jan. 3, 1993 and Dec. 29, 1991," the net income (loss) applicable to common shareholder for the third quarter FY 1992 should read "72" rather than "(72)" as originally issued. The corrected table follows:
 IRT CORPORATION
 Detailed Results of Third Quarter and First Nine Months
 of Fiscal Years 1993 and 1992
 Ended Jan. 3, 1993 and Dec. 29, 1991
 (000's Omitted)
 Third Quarter Fiscal Year to Date
 FY 1993 FY 1992 FY 1993 FY 1992
 Revenues $4,693 $5,178 $13,221 $12,552
 Cost of revenues 2,240 2,403 5,906 5,678
 Gross margin 2,453 2,775 7,315 6,874
 Operating expense 1,797 2,054 5,566 5,252
 Operating income (loss) from
 continuing operations 656 722 1,749 1,622
 Interest expense 180 184 592 516
 Other (income/expense) 12 (4) 35 (33)
 Income (loss) from
 continuing opers. bef.
 provs. for taxes 464 542 1,122 1,139
 Provisions for taxes 159 -- 317 --
 Inc. (loss) from
 discont. opers. -- (401) -- (1,664)
 Net inc. (loss)
 bef. pfd. div. 305 141 805 (525)
 Div. requirement
 on pfd. stock 65 69 195 208
 Net income (loss)
 applicable to
 common shareholder 240 72 610 (733)
 Net income (loss)
 per com. shr.:
 Continuing operations $0.04 $0.09 $0.11 $0.17
 Discontinued operations -- (0.08) -- (0.31)
 Net inc. (loss)
 per com. shr. 0.04 0.01 0.11 (0.14)
 Weighted average shares
 outstanding 5,590,365 5,332,034 5,536,348 5,296,441
 NOTE: Results for fiscal 1992 have been restated to reflect the discontinuation of the company's standard manual systems business.
 -0- 2/17/93 C NYO12
 /PRNewswire -- Feb. 17/
 (IX)


CO: IRT Corporation ST: California IN: SU: ERN

JL -- NY012X -- 7586 02/17/93 18:28 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 17, 1993
Words:340
Previous Article:A SPOKESPERSON FOR THE PRUDENTIAL INSURANCE COMPANY OF AMERICA ISSUES STATEMENT
Next Article:INTERVOICE ANNOUNCES $4 MILLION ORDER FROM MCI
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.
CAI to Help Make OS/390 Secure for E-Commerce.
A magical pair of 6x6 chemical squares.
PALMSOURCE JOINS KHRONOS GROUP.
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.

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