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Article: Tidel Technologies Announces Fourth Quarter Financial Results to Be Below Expectations.
- Article from:
- PR Newswire
- Article date:
- October 22, 1998
CopyrightCOPYRIGHT 1998 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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1998 Fiscal Year Will Still Set Revenue and Net Income Records for Tidel
HOUSTON, Oct. 22 /PRNewswire/ -- Tidel Technologies, Inc. (Nasdaq: ATMS), the fastest-growing major U.S. manufacturer of off-premise ATMs, announced today that financial results for its fiscal fourth quarter will be below expectations, although the Company still anticipates record revenues and net earnings for the fiscal year ended September 30, 1998 taken as a whole. Tidel will report complete fourth quarter and year end 1998 results in mid December.
Revenues for the fourth quarter are expected to approximate $8.5 million, a decline of 7% from the same quarter in 1997, due to ...