Opinion Research Revises Guidance for 2004
18 Janeiro 2005 - 9:20PM
PR Newswire (US)
Opinion Research Revises Guidance for 2004 PRINCETON, N.J., Jan. 18
/PRNewswire-FirstCall/ -- Opinion Research Corporation
(NASDAQ:ORCI), today announced that 2004 revenues are expected to
be within the previously issued revenue guidance of $194 to $196
million but that it is reducing its 2004 net income guidance from
$3.0 to $3.2 million or $0.46 to $0.50 per diluted share to $1.9 to
$2.1 million or $0.29 to $0.32 per diluted share. These results
include a second quarter 2004 refinancing- related charge which
reduced net income by $1.6 million and diluted earnings per share
by $0.26. This revised guidance will result in a continuation of
the positive trends in revenues and earnings reported in the prior
quarters of 2004. The reduced guidance for 2004 is primarily the
result of cost increases on certain contracts in the US market
research segment, as well as lower revenues and earnings in the
teleservices segment, where demand in the fourth quarter was below
expectations and historical fourth quarter levels. About Opinion
Research Corporation Founded in 1938, Opinion Research Corporation
provides commercial market research, health and demographic
research for government agencies, information services,
teleservices and consulting. The company is a pioneering leader in
the science of market and social research, and has built a
worldwide data-collection network. Further information is available
at http://www.opinionresearch.com/. This release contains, within
the meaning of the safe harbor provision of the Private Securities
Litigation Reform Act of 1995, forward-looking statements that are
based on management's beliefs and assumptions, current
expectations, estimates and projections. Many of the factors that
will determine the company's financial results are beyond the
ability of the company to control or predict. These statements are
subject to risks and uncertainties and therefore actual results may
materially differ. The company disclaims any obligation to update
any forward-looking statements whether as a result of new
information, future events, or otherwise. Important factors and
risks that may affect future results are described in the company's
filings with the Securities and Exchange Commission, copies of
which are available upon request from the company. DATASOURCE:
Opinion Research Corporation CONTACT: Douglas L. Cox, EVP &
Chief Financial Officer of Opinion Research Corporation,
+1-609-452-5274 Web site: http://www.opinionresearch.com/
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