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Article: Continucare Corporation Reports Record Revenues and 231% Increase in Operating Profit for Third Quarter of Fiscal 2008.(Financial report)
- Article from:
- Business Wire
- Article date:
- May 7, 2008
CopyrightCOPYRIGHT 2008 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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MIAMI -- Continucare Corporation (AMEX:CNU) today reported financial results for its third quarter of fiscal 2008. Financial highlights for the quarter include:
* Total revenue of $65.9 million, a 9% increase compared to $60.4 million in the third quarter of fiscal 2007;
* Income from operations of $6.1 million, a 231% increase compared to $1.8 million for the same quarter last year;
* Net income of $3.7 million, a 220% increase compared to $1.1 million for the same quarter last year; and
* Earnings per diluted share increased to $0.05 compared to $0.02 per diluted share in the third quarter of fiscal 2007.
For the nine-months ...