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Article: Aquila Reports Third Quarter Net Loss, as Expected; Slight Improvements in Utility Operations Offset by Weather; Conference Call and Webcast Are Today at 9:30 a.m. Eastern.
- Article from:
- Business Wire
- Article date:
- November 4, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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KANSAS CITY, Mo. -- Aquila, Inc. (NYSE:ILA) today reported a fully diluted loss of $.44 per share for the third quarter of 2004, or net loss of $116.4 million, compared to a loss of $.87 per fully diluted share, or net loss of $169.9 million, in the 2003 third quarter. The per-share results reflect the issuance of 46.0 million common shares and 13.8 million mandatorily convertible securities in late August 2004. Sales for this year's quarter totaled $322.4 million, compared to $322.0 million a year earlier.
"We're continuing to make significant progress toward completion of Aquila's comprehensive repositioning," said Richard C. Green, chairman and chief executive ...