AOL Latin America Reports Reduced Losses For Third Quarter 2002

AOL Latin America Reports Reduced Losses For Third Quarter 2002

Post by Monty Solomo » Wed, 06 Nov 2002 13:33:02



FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Nov. 4, 2002--

       Targeted Marketing to Higher Value Members and Operating
             Efficiencies Contribute to Reduced Losses;
  AOL Puerto Rico Posts Second Consecutive Quarter of Profitability

    America Online Latin America, Inc. (NASDAQ-SCM: AOLA) today
reported narrowed per-share losses for the third quarter ended
September 30, 2002, and reaffirmed that the Company expects current
funding to allow it to finance operations into the fourth quarter of
2003. These results mark AOL Latin America's ninth straight quarter of
narrowed per-share losses.

    The Company's third quarter net loss applicable to common
stockholders narrowed by more than 45% to $39.9 million, or $0.59 per
class A common share, basic and diluted, compared with a loss of $73.7
million, or $1.10 per share, for the quarter ended September 30, 2001,
and nearly 11% from a loss of $44.6 million, or $0.66 per share, in
the second quarter ended June 30, 2002. The Company's third quarter
net loss before dividends on preferred stock was $35.2 million, or
$0.10 per share, on a pro forma fully diluted basis, improving from a
loss of $69.1 million, or $0.21 per share, on the same basis a year
ago, and a loss of $39.9 million, or $0.12 per share last quarter.

     - http://finance.lycos.com/home/news/story.asp?story=29450039

 
 
 

1. Qwest Communications Reports Third Quarter 2002 Results

     -  Second Consecutive Quarter of Positive Free Cash Flow

     -  Liquidity Concerns Addressed With Amended/New Credit Facilities and
        Pending Sale of QwestDex

     -  Expects 2002 Revenue of Approximately $17.1 Billion and
        Adjusted EBITDA of Approximately $5.4 Billion

     -  Net Loss of ($214) Million or ($0.13) Per Share, Compared to
        a Loss of ($142) Million or ($0.09) Per Share in the Third
        Quarter of 2001

     Investors:  Please see 'Note to Investors' below for definitions and
     explanations of certain matters.

    DENVER, Oct. 30 /PRNewswire-FirstCall/ -- Qwest Communications
International Inc. (NYSE:Q) today announced its financial results for
the third quarter of 2002.  On a reported basis, the company reported
a net loss of ($214) million or ($0.13) per share, compared to a net
loss of ($142) million or ($0.09) per share in the third quarter of
2001.  The loss reflects after-tax non-operating items of $44 million,
or $0.02 per share, due to adjustments of restructuring reserves,
losses associated with the sale of certain assets and an adjustment to
the company's deferred tax provision.

http://finance.lycos.com/home/news/story.asp?story=29359542

2. Win 2000 Pro freezes on boot up and reinstall

3. EarthLink Reports Record Results for Third Quarter 2002

4. minix sh

5. AOL Time Warner Reports Results for Second Quarter 2002

6. Costs ?

7. QUALCOMM Announces Third Quarter Fiscal 2002 Results with Record

8. restore to default

9. GoAmerica Announces Third Quarter 2002 Results

10. Nortel Networks Reports Results for Fourth Quarter and Year 2002

11. Qwest Communications Reports Fourth Quarter and Full-Year 2002

12. EarthLink Reports 2002 Fourth Quarter and Full Year Results

13. EarthLink Reports Results for Second Quarter 2002