Lotus fourth-period net declined 51%, but shares rise on Notes, cc:Mail sales

Article Abstract:

Investors push Lotus stock up 7.2 percent in heavy Nasdaq trading on Jan 25, 1995, even though the company announced results for 4th qtr 1994 that included a 51 percent decline in profit. Lotus posted net income of $14.4 million, or 30 cents per share, down from $29.6 million, or 64 cents per share, for the 4th qtr 1993. Revenue tumbled 5 percent, to $264.5 million. For the first quarter, though, Lotus' sales of communications software surpassed its sales of desktop products, such as the 1-2-3 spreadsheet program. Elated investors pushed Lotus stock up $2.938 to $43.563 as over 5.7 million shares were bought and sold, up from a normal volume of 1.3 million shares. In all of 1994, Lotus lost $20.9 million, or 44 cents per share, after a $9 million restructuring charge and $67.9 million in acquisitions-related charges. In 1993, Lotus earned $55.5 million, or $1.24 per share, after taking a $19.9 million charge.

Software Publishers, Communications Software NEC, Telecommunications software, Company Financial Information

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Lotus net rises 40% on one-time gain while operating earnings plunge 66%

Article Abstract:

Lotus Development Corp reported a 40 percent rise in profit, a 66 percent decline in operating profit and a 5.5 percent decline in sales for 3rd qtr, FY 1992. The company reported a profit of $30.1 million, the equivalent of 72 cents per share, which was due mainly to its having sold shares in Sybase Inc. Without the sale, earnings would have been only $7.3 million, whereas they were $21.5 million in 3rd qtr, FY 1991. For the first time since 4th qtr of FY 1998, Lotus' sales dropped. The company reported $218.8 million in sales. However, the company predicts that its 4th qtr will be stronger, which caused its stock prices to rise in trading on Oct 15, 1992. Lotus said its disappointing results were caused by a decline in international sales, price cuts and the popularity of Microsoft Windows-based software products.

Computer integrated systems design, Profits, Sales, Third Quarter, Profit, Stock

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