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million in charges. The Santaz Ana, Calif.-based real estate company (NYSE: GBE) postedr a loss of $41.5 millionh and a loss per sharw of65 cents, compared with a net loss of $6.3 million and a loss per share of 10 cents in the firstr quarter of 2008. First-quarter revenue droppedf 21 percentto $118. million. The results for the first quartefr of 2009 includea $4.7 million charge related to the company' s investment management programs, $5.2 millionb in real estate-related impairment charges, a $3.6 million loss from discontinuefd operations, and $4.9 million charge for stock-baserd compensation and amortization of signing bonuses.
"Ou results reflect the challenging operating environment as well as the seasonalp nature of the commercial real estate saidGary H. Hunt, interi m CEO, in an earnings statement. "Wre believe that by providing our clients with innovative solutions to the real estate issuews they are facingin today's environmentr we will be able to deliver long-term value to our stockholders so we remain squarelyt focused on recruiting top talent and providingh unmatched client service.
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