Viasource Communications updated 4th-quarter revenue and earnings...
Viasource Communications updated 4th-quarter revenue and earnings guidance Mon. It predicted total revenue for 4th quarter would be $54-$56 million, with adjusted earnings before interest, taxes, depreciation, amortization (EBITDA), special compensation charges, satellite and wireless revenue deferral in range…
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of $1.7- $2.6 million, which will result in loss of 6-8 cents per share. Pres. Craig Russey said satellite and wireless business “transitioned during quarter as midpower conversions ended” and new high-powered “retail fulfillment installations reached record levels,” but DSL connectivity business has been “big disappointment.” Russey said company “experienced earnings pressure” from costs of rollout of nationwide fulfillment services for satellite and wireless sector along with major changes in DSL industry. Company plans to announce results for 4th quarter and fiscal year 2000 after close of market March 1.