Dan Gottry - Blog

Dan Gottry's Blog

Thursday, October 26, 2006

Hanger Net to Shareholders Misses Target

For the latest quarter, four analysts on average had expected the company to earn 15 cents a share ... the bottom line was 7 cents per share ... less than 50% of target!

Whoops!

Per their report: Net income applicable to common stock, on a pro-forma basis, for the third quarter of 2006 was $4.3 million, or $0.15 per diluted share, compared to the prior year's actual $2.8 million, or $0.13 per diluted share. Including the costs of the recent refinancing, the net income applicable to common stock was $1.5 million, or $0.07 per diluted share, for the quarter ended September 30, 2006, compared to a net income applicable to common stock of $2.8 million, or $0.13 per diluted share, in the prior year's comparable quarter.

I'm sure they'll make it up in the future by absorbing income from independent providers, nationwide!

posted by Daniel Gottry at 6:02 AM