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ROCKING HORSE CHILD CARE CENTERS OF AMERICA REPORTS RESULTS

      ROCKING HORSE CHILD CARE CENTERS OF AMERICA REPORTS RESULTS
    CHERRY HILL, N.J., Nov. 4 /PRNewswire/ -- The Rocking Horse Child Care Centers of America, Inc. (NASDAQ: RHCC) today announced third quarter and nine month year-to-date results ending Sept. 30, 1991.
    For the three months ended Sept. 30, 1991, Rocking Horse had revenues of $7,731,751 vs. $8,286,268 in 1990.  Operating income for the quarter increased 34 percent to $1,303,656 from $973,852 for the comparable 1990 quarter.  Net loss for the quarter was $191,069 or $.02 per share, an improvement over last year's third quarter net loss of $569,572 or $.05 per share.
    For the nine months ended Sept. 30, 1991, Rocking Horse revenues were $26,202,402 vs. $26,795,213 in the year ago nine-month period. Operating income for the nine months increased by 11 percent to $5,015,669 compared with $4,528,414 in 1990.  Net income for the nine months was $628,679 or $.05 per share compared to a loss of $491,704 or $.05 per share in the first nine months of 1990.
    Due to the general and sustained weakness of the economy, Rocking Horse has lowered its fourth quarter forecast, projecting a fourth quarter operating loss of less than $100,000.  The company said it expects a profitable full year 1991, subject to possible year-end adjustments, vs. a comparable loss for 1990.  Rocking Horse Child Care Centers is the country's fifth largest for-profit child care provider, operating 87 schools in 11 states.
    /delval/
    -0-                        11/4/91
    /CONTACT:  Douglas E. Carneal, chairman of the board of Rocking Horse Child Care Centers, 609-482-9100/
    (RHCC) CO:  The Rocking Horse Child Care Centers of America, Inc. ST:  Pennsylvania IN: SU:  ERN MP-KA -- PH006 -- 0615 11/04/91 09:53 EST
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Publication:PR Newswire
Date:Nov 4, 1991
Words:302
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