Money Talks Coreco Inc (Montreal) ended the second quarter of its fiscal year with the company's highest quarterly revenues in 3 years. Revenues in the second quarter increased 27% to $6,225,731 (US). The gross margin increased to 61.1% of sales, from 58.7% 1 year ago and 60.7% the previous quarter. Net earnings almost doubled to $552,849 (US), or 8 cents (US) per share in the second quarter, from $283,752 (US), or 4 cents (US) per share in the same period last year.
DOBI Medical International (DBMI of Mahwah, NJ) announced a net loss of $1.6 million, or 4 cents per share for the second fiscal quarter of 2004, ending June 30. The results of the second quarter are compared with a net loss of approximately $1.1 million, or 6 cents per share, in the comparable quarter last year. For the first 6 months of fiscal 2004, the net loss was approximately $3 million, or 8 cents per share, compared with a net loss of approximately $2.3 million, or 12 cents per share, in the comparable 6-month period last year.
Last month, Eastman Kodak Co's (Rochester, NY) second quarter reported net income totaled 54 cents per share and revenue increased 6%. The company's net income for the quarter included income from discontinued operations of 4 cents per share and reported net income from continuing operations of 50 cents per share. For the second quarter of 2004, sales totaled $3.469 billion, an increase of 6% from $3.259 billion in the second quarter of 2003. The company also reported net income of $154 million, or 54 cents per share, compared with $112 million, or 39 cents per share, in the second quarter of 2003.
InSight Health Services Holdings Corp (Lake Forest, Calif) has filed application with the US Securities and Exchange Commission (SEC of Washington) to withdraw the registration statement that it had filed on June 23, 2004, in connection with its proposed initial public offering of Income Deposit Securities and related public offering of senior subordinated notes. In connection with the withdrawal of these offerings, InSight will not be commencing a tender offer and consent solicitation for all of its outstanding $250 million aggregate principal amount of 97/8% senior subordinated notes due 2011 as described in the registration statement. The registration statement was not declared effective by the SEC, and no securities had been offered or sold under the registration statement.
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