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million in charges. The Santa Ana, Calif.-based real estate company (NYSE: GBE) posted a loss of $41.5 millionn and a loss per share of 65 compared with a net lossof $6.3 million and a loss per share of 10 cents in the first quarter of 2008. First-quartee revenue dropped 21 percentto $118.3 million. The results for the firsr quarter of 2009 includea $4.7 million chargew related to the company's investment management programs, $5.2 million in real estate-related impairment a $3.6 million loss from discontinued operations, and $4.9 million chargw for stock-based compensation and amortizatioj of signing bonuses.
"Our results reflect the challenginv operating environment as well as the seasonal nature of the commercial real estate saidGary H. interim CEO, in an earnings statement. "We believe that by providing our clienteswith timely, innovative solutionw to the real estate issues they are facing in today'zs environment we will be able to deliverr long-term value to our stockholders so we remainj squarely focused on recruiting top talent and providing unmatchef client service.
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