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Article: Central Parking Corporation Announces Record Fiscal 1998 Results; Operating Earnings Up 68% for Year.
- Article from:
- Business Wire
- Article date:
- December 4, 1998
CopyrightCOPYRIGHT 1998 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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NASHVILLE, Tenn.--(BUSINESS WIRE)--Dec. 4, 1998--Central Parking Corporation (NYSE:CPC) today announced record fourth-quarter and full-year results for the periods ended September 30, 1998.
Total revenues for the fourth quarter ended September 30, 1998, totaled $112.0 million, up 73% compared with $64.8 million in the year-earlier period. Operating earnings for the quarter increased 54% to $12.2 million versus $7.9 million a year ago. Net earnings for the fourth quarter totaled $6.7 million, or $0.23 per diluted share, on 29.7 million weighted average common shares. Earnings for the year-earlier period totaled $6.6 million, or $0.25 per diluted share, on 26.4 ...