|
|
|
Analysis & Technology Sees Earnings Boost
|
Business New Haven
11/2/1998
By: Kristine Hansen
|
NORTH STONINGTON - For the quarter ended September 30, 1998, Analysis & Technology Inc. revenue increased 7.8% to $41.1 million, compared to $38.2 million for the prior year quarter. Net earnings increased 16.1% to $1.2 million from $997,000 in fiscal 1998. Diluted earnings per share for the three month period increased 11.5% to $0.29 from $0.26 for the comparable period of fiscal 1998. Results from the prior year period include a one-time after tax gain of $405,000 related to the sale of the Company's interest in Automation Software, Inc. (ASI) in July 1997, and a one-time after tax charge or $318,000 for capitalized software development and related costs.
SHELTON - Raytech Corp. (NYSE: RAY) has made a tentative agreement with the company's equity holders and creditors relative to reorganization plans. Unsecured creditors including asbestos claimants will receive 90 percent of the stock of the reorganized company, held in a trust, while equity holders will receive ten percent. Confirmation of the reorganization is expected in 12 to 18 months.
|
Go FirstGo PreviousGo
NextGo LastGo
to Index
|
|
