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EARNINGS

 
Published April 28, 1998|Updated Sept. 13, 2005

SYKES ENTERPRISES INC.: The Tampa technology-services company reported a first-quarter net loss of $1.5-million, or 4 cents a diluted share, including one-time charges related to acquisitions by an affiliate. That compares with $5.1-million, or 13 cents a share, a year earlier. Revenues increased 34 percent to $89.1-million from $66.6-million. Sykes took charges in the quarter for research and development costs associated with two acquisitions by Sykes HealthPlan Services Inc., a joint venture owned by Sykes and HealthPlan Services.

HEALTHPLAN SERVICES CORP.: The Tampa company reported a first-quarter net loss of $3.2-million, or 21 cents a diluted share, including its share of the Sykes HealthPlan Services joint venture loss for integration and start-up costs for new contracts. That compares with net earnings of $2.8-million, or 18 cents a share, a year earlier. Revenue was $68.2-million, down from $73.6-million. HealthPlan Services provides services for benefits programs.

OXFORD HEALTH PLANS INC.: The Norwalk, Conn., managed health care provider lost $45.3-million, or 57 cents a diluted share, in the first quarter, citing a charge to cover severance costs exceeding $9-million for its founder, Stephen Wiggins, and a restructuring of some administrative functions. That compared with net income of $34.4-million, or 42 cents, a year earlier. Revenues rose 24 percent to $1.2-billion from $987.3-million.

SAFECO CORP.: The Seattle insurer's first-quarter profit fell 3.7 percent as it paid a higher-than-expected level of weather-related claims. Net income excluding gains from investment sales and charges fell to $93.2-million, or 66 cents a diluted share, from $96.8-million, or 77 cents, a year earlier.

FOUNTAIN PHARMACEUTICALS INC.: The Largo company reported a second-quarter net loss of $344,000, compared with a net loss of $121,000 a year earlier. Revenues were $291,000, up 37 percent from a year earlier.

TYSON FOODS INC.: The Springdale, Ark., poultry producer reported second-quarter net income of $23.3-million, or 10 cents a diluted share, compared with $48.2-million, or 22 cents, a year ago. Revenue rose 19 percent to $1.87-billion from $1.57-billion.