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Article: CDA Revenues Down 15% Over the Second Quarter of Prior Year But in Line With Forecast Expectations.
- Article from:
- Business Wire
- Article date:
- May 10, 1999
CopyrightCOPYRIGHT 1999 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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SPOKANE, Wash.--(BUSINESS WIRE)--May 7, 1999--
The Coeur d'Alenes Company, (OTC BB:CDAL) or (Spokane OTC:CDA Co), announced a net loss of .4 of a cent per share for the second quarter of the current fiscal year, compared to a net income of .4 of a cent per share for the second quarter of the prior fiscal year.
Revenues for the second quarter of 1998/99 were 15% lower than the same quarter of the prior year. Gross margins decreased by 15%.
Sales for the three month period ended March 25, 1999 are 15% lower than the same three month period of the prior year, resulting in a net loss of $22,353, compared to a net income of $25,807 for the same period ...