CELL hat doch die letzten Monate wunderbar konsolidiert! Und offensichtlich hat das Management es geschafft, aus einem Pleitekandidaten wieder ein profitables Unternehmen zu machen. Und teuer ist CELL immer noch nicht. Schau´ Dir nur mal das Umsatz/Kurs-Verhältnis an!
Brightpoint 2Q Rev $379M Monday, July 28, 2003 09:11 PM ET Printer-friendly version
INDIANAPOLIS (Dow Jones)--Brightpoint Inc. (CELL, news) swung to a net profit from a year-ago loss, on a 25% increase in revenue.
In a press release Monday, the company said higher revenue was due to strong demand in the Asia-Pacific region, as well as to currency translations.
Second-quarter net income was $4.3 million, or 52 cents a share, on revenue of $379 million.
The year-ago net loss was $5.22 million, or 65 cents a share, on revenue of $ 302.52 million and 3.3% fewer average shares outstanding.
Brightpoint rose nearly 27% in after-hours trading recently, to $25.35 a share, from a closing price Monday of $20.01. The recent price surpassed a 52- week high on July 22, of $20.50 a share.
Brightpoint Inc. (CELL, news) second-quarter net profits included income from continuing operations of $3.8 million, or 45 cents a share, as well as $563,000, or 7 cents a share from discontinued operations.
Year-ago income from continued operations was $2.4 million, or 3 cents a share.
Second-quarter revenue rose 25% to $379 million, from $302 million in the second quarter of 2002. The company attributed the increase to market demand in the Asia-Pacific region, as well as currency translations, which accounted for 8 percentage points of the increase in revenue.
Revenue fell in the Americas due to a shift to fee-based service revenue, from product revenue as well as a 3% decline in the average selling prices and lower volume.
Second-quarter results included a pretax gain of $7.5 million on debt extinguishment and charges of $181,000 for facility consolidation and $275,000 for a legal settlement.
Brightpoint Inc. (CELL, news) - Indianapolis 2nd Quar June 30: 2003 2002 Revenue $379,406,000 $302,521,000 Inc cont op a 3,754,000 b 2,435,000 Inc dis op 563,000 (7,659,000) Net income 4,317,000 (5,224,000 Avg shrs (diluted) 8,254,000 7,990,000 Shr earns Inc cont op a .45 b .30 Inc dis op .07 (.95) Net income .52 (.65)
Figures in parentheses are losses.
a. Includes pretax charge of $181,000. Excluding this, income was $3.9 million, or 47 cents a share.
b. Includes $7.5 million gain on early debt extinguishment. Excluding these, the loss was $5.1 million, or 64 cents a share.
-John Seward; Dow Jones Newswires; 201-938-5400
Dow Jones Newswires 07-28-03 2111ET
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