It’s Payback TIME – NZ enters profit zone!
It was a blast quarter.
New customers, increasing revenues, turns profitable corporation!
Third-quarter adjusted net income rose to $2.9 million, or 4 cents a share, from a loss of $1.2 million, or 8 cents a share, from the same period last year.
Third-quarter revenue increased 44% to $33.4 million from $23.2 million in the comparable quarter last year.
The quarter’s earnings surpassed the mean estimate of analysts polled by Thomson Financial for breakeven per share figures and sales of $29 million in the period ended Oct. 31.
The company expects fiscal 2008 revenue of $120 million and $160 million in fiscal 2009 while Analysts’ consensus view is for fiscal 2008 earnings of $115 million and fiscal 2009 earnings of $150 million.
Wall Street is all about growth.
Higher teens here we come 😉
And by the way, we sold 1/3 rd of our position yesterday….we wil be selling another 1/3 position today at market close. Though we’ll buy back this 2/3 of our position probably in a couple of days.
Congratulations and Good Luck Swinging,