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Article: FCB REPORTS FIRST QUARTER RESULTS
- Article from:
- PR Newswire
- Article date:
- May 10, 1993
CopyrightCOPYRIGHT 1993 PR Newswire Association LLC. 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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CHICAGO, May 10 /PRNewswire/ --Foote, Cone & Belding Communications Inc. (NYSE: FCB), today reported net income for the first quarter totaled $1,504,000 or $.14 per share in 1993, up 21.6 percent over 1992 first quarter net income of $1,237,000 or $.12 per share, excluding a one-time accounting change.
As previously reported, 1992 first quarter results were restated at year-end 1992 to reflect the adoption of Statement of Financial Accounting Standards No. 109, "Accounting for Income Taxes." The cumulative impact of this accounting change was reflected as a one-time credit to income of $3,681,000 or $.34 per share.
Quarter Ended March 31, 1993
1993 consolidated ...