Printer Friendly

CHEMDESIGN UPDATES FOURTH QUARTER OUTLOOK

 CHEMDESIGN UPDATES FOURTH QUARTER OUTLOOK
 FITCHBURG, Mass., Feb. 4 /PRNewswire/ -- Chemdesign Corporation


(NASDAQ: CDCC) announced today that its fourth quarter results are likely to be lower than previously expected. Although year-end audit results will not be final until later this month, ChemDesign now expects fourth quarter revenues to be approximately 10 percent lower than expected and that the loss for the quarter will likely reduce earnings reported for the first nine months by approximately one-third. Richard E.T. Brooks, chairman and chief executive officer of ChemDesign, commented, "The manufacturing difficulties we experienced with the many new product start-ups undertaken in the fourth quarter were more significant than originally estimated and persisted through year-end. As a result, we were unable to reach our twithstanding these developments, as stated in our Dec. 23, 1991 release, we remain satisfied with the results called for in our preliminary 1992 operating plan.
 -0- 2/4/92
 /CONTACT: Richard E.T. Brooks or Steven Borgeson of ChemDesign Corporation, 508-345-9999/
 (CDCC) CO: ChemDesign Corporation ST: Massachusetts IN: CHM SU: ERN


TM -- NE016 -- 6851 02/04/92 16:08 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 4, 1992
Words:182
Previous Article:ELF ATOCHEM CONTINUES TO SUPPORT A MORE RAPID PHASE-OUT OF CFCs
Next Article:REGENT BANCSHARES ANNOUNCES RESULTS
Topics:


Related Articles
CHEMDESIGN DISCUSSES NEAR TERM OUTLOOK
CHEMDESIGN REPORTS OPERATING RESULTS FOR FOURTH QUARTER AND YEAR
CHEMDESIGN RESPONDS TO RECENT MARKET ACTIVITY
CHEMDESIGN REPORTS SECOND QUARTER RESULTS
CHEMDESIGN ACCEPTS LARGE ORDER FOR FINE CHEMICAL INTERMEDIATE FROM NEW DOMESTIC CUSTOMER
CHEMDESIGN RESPONDS TO RECENT ACTIVITY IN ITS STOCK
CHEMDESIGN REPORTS RECORD FOURTH QUARTER SALES AND IMPROVED FOURTH QUARTER EARNINGS
CHEMDESIGN UPDATES OUTLOOK FOR SECOND QUARTER AND REMAINDER OF THE YEAR
CHEMDESIGN REPORTS SECOND QUARTER RESULTS
CHEMDESIGN REPORTS FOURTH QUARTER AND YEAR END SALES AND EARNINGS

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