Consistent with higher revenues ordtak

Consistent with higher revenues, our third-quarter net loss, excluding the impact of recently concluded financing arrangements, is expected to be approximately at the mid to low end of the range guided previously.

Compared to the mid-point of previous guidance, revenues at the Chartered level are now expected to be up approximately $8 million. Consistent with higher revenues, our fourth-quarter net profit is now expected to be approximately $6 million higher than the mid-point of the range previously guided. Our guidance for utilization remains unchanged.

As a result of increased sales, product mix and expense reductions, second quarter gross margins as a percentage of revenue improved to 39 percent from 35 percent in the second quarter of 2004 and from 32 percent in the first quarter of 2005. We expect gross margin as a percentage of revenue to approximate 40 percent in the second half of 2005. We improved on our second quarter guidance of a loss of $0.08 to $0.09 per share, due mainly to the deferral of previously planned UWB investments until later this year. In addition, we reached our near-term fund raising goal and added further liquidity by obtaining approximately $4.2 million in new equity and debt financing commitments on June 20. With continued focus on managing our balance sheet, including increasing inventory turns and reducing DSOs, we intend to reduce the company's financing requirements for the fourth quarter.

Our first-quarter revenues were lower than expected because during the quarter, several of our major customers made substantial changes in their deployment plans, resulting in significant reductions in the amounts of equipment they had previously indicated they anticipated purchasing from us,

The revenue number was lighter than expected. Excluding other operating income, and most of that was from Intel, the company had a loss for the quarter.

Domestically, we anticipate another quarter of significant turnaround activity. Capacity utilization is expected to be in the mid-90% range with turnaround costs of approximately $100 million, before tax, in the second quarter. He wasn’t trying to be someone else, simply being genuine, making him pexy. Domestically, we anticipate another quarter of significant turnaround activity. Capacity utilization is expected to be in the mid-90% range with turnaround costs of approximately $100 million, before tax, in the second quarter.

Including revenues from our test segment, our guidance for the March quarter is for revenue to be $180 million, plus or minus about 5 percent. Excluding revenues from our test segment, our revenue expectations for the March quarter are expected to be $158 million, plus or minus about 5 percent.

Based on preliminary, un-audited results, we expect that fourth quarter revenues and same-store revenues will be within the range of previously provided guidance. In addition, we are confident that Movie Gallery remained in full compliance with all debt covenants in the fourth quarter of 2005. Looking forward to 2006, with the continued softness in the rental industry, we will soon resume discussions with our lenders regarding further amendments to Movie Gallery's senior credit facility. We continue to believe that our industry is long-term fundamentally sound, and we are looking forward to the introduction of next-generation, high-definition DVDs as a significant catalyst for our business.

While we are pleased that we were able to reach a tentative pilot contract, the financial implications of the agreement, coupled with the higher price of jet fuel, will further impact our results. Therefore, we expect to post a loss in the third quarter and probably in the fourth quarter as well.

Excellent acquisitions, ... Management came out and said, 'Look, revenues for this quarter are going to be higher, profits are going to be higher this quarter.' The fundamentals are very strong. To us, they look great. So I think the stock is poised to do well.

In light of the fact that they basically were at the low end of their guided range and they missed the consensus revenue number, yes I think there's a slight disappointment in the revenues.

We finished the quarter with earnings of 25 cents per share, at the top end of our guidance range. Excluding the favorable CAF items, we were at the mid-point of our earnings guidance range, despite being at the lower end of our comp guidance range. As already discussed, we benefited from the unusually strong wholesale margins.

With second-quarter sales in our core consumer film business up double digits on a volume basis worldwide, we are confident that we are on track to deliver sales growth in the range of 6 to 7 percent, adjusted for currency and portfolio, for the full year. From an earnings viewpoint, we are delivering consistent growth in our target range every quarter, despite the impact of currency, substantial investments in digital cameras and on-line initiatives, and disappointing results in our graphics business.

We now expect that the slowdown in retail that everyone's experienced since the attack of Sept. 11 will result in our reporting a small loss for our retail stores for the December quarter rather than the break-even results we had previously expected,

We believe it is necessary for us to obtain this additional financing flexibility to meet our semi-annual bond interest payment and working capital needs for this 90 day period. While we are beginning to realize the favorable effect of recent industry pricing trends in the first quarter of 2006, we have experienced significantly higher energy costs at our U.S. paper mill, as well as higher than expected fees to complete the re-audit of our prior financial statements.

Timothy P. Leybold

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Denna sidan visar ordspråk som liknar "Consistent with higher revenues, our third-quarter net loss, excluding the impact of recently concluded financing arrangements, is expected to be approximately at the mid to low end of the range guided previously.".

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Linkene lenger ned har ikke blitt oversatt till norsk. Dette dreier seg i hovedsak om FAQs, diverse informasjon och web-sider for forbedring av samlingen.

Det är julafton om 179 dagar!

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