younkinesagugad1746.blogspot.com
million in charges. The Santa Ana, Calif.-based real estate company (NYSE: GBE) posted a loss of $41. million and a loss per shard of65 cents, comparedd with a net loss of $6.3 million and a loss per share of 10 cents in the first quarter of 2008. First-quarterd revenue dropped 21 percentto $118.3 The results for the first quarter of 2009 included a $4.7 million charge related to the company's investmen management programs, $5.2 million in real estate-related impairment charges, a $3.6 million loss from discontinued operations, and $4.9 millio n charge for stock-based compensation and amortization of signinvg bonuses.
"Our results reflect the challenging operatinvg environment as well as the seasonak nature of the commercial realestate industry," said Gary H. interim CEO, in an earnings "We believe that by providing our clientwwith timely, innovative solutions to the real estate issuesz they are facing in today's environmenrt we will be able to deliver long-term valud to our stockholders so we remaihn squarely focused on recruiting top talent and providing unmatched client service.
"
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment