Advertisement

Our coronavirus coverage is free for the first 24 hours. Find the latest information at tampabay.com/coronavirus. Please consider subscribing or donating.

  1. Archive

BRIEFLY

VITALITY BEVERAGES TO BUY CANADIAN COMPANY: Moving to increase its dominance of the beverage food service business in Canada, Vitality Beverages Inc. is buying Alberta Beverage Systems, which has offices in Calgary and Edmonton. Tampa-based Vitality, which is focusing much of its business on the food service industry, has made two other acquisitions in Canada. Alberta Beverage has annual revenues of about $3.5-million.

JLM ISSUES WARNING: JLM Industries Inc. of Tampa warned that it expects a fourth-quarter loss of between 48 cents and 53 cents per share. The commodity chemicals company blamed the loss primarily on continued pricing pressure on its core manufactured products, combined with substantially higher raw material costs. JLM in November said third-quarter net income fell 69 percent to $458,196, or 7 cents a share, which it attributed to a spike in raw material costs and lower selling prices. JLM shares closed at $2.87{, down 6\ cents.

Earnings

Time Warner Inc.

The New York media conglomerate, which has agreed to be acquired by America Online Inc., easily beat analysts' earnings estimates of 16 cents per share for the quarter ended Dec. 31. Results include the effect of several onetime items, including a $1-billion gain from the sale of cable systems. Dividend payments of $304-million brought down per-share earnings for the 1998 quarter.

4thQtr Year Ago

Revenue $7.9-bil $4.19-bil

Net Income $848-mil $90-mil

Per Share 62 cents -17 cents

Year Year Ago

Revenue $27.3-bil $14.5-bil

Net Income $1.9-bil $168-mil

Per Share $1.42 -31 cents

Amazon.com Inc.

The Seattle Internet retailer reported a wider fourth-quarter loss but said its operating loss will shrink this year as sales rise. For the quarter ended Dec. 31, Amazon said it lost 55 cents a share,

excluding onetime items. Analysts expected a loss of 48 cents on that basis. The announcement came

after the close of traditional

trading.

4thQtr Year Ago

Revenue $676-mil $252.8-mil

Net Income -$323.2-mil $46.4-mil

Per Share -96 cents 15 cents

Year Year Ago

Revenue $1.63-bil $609.8-mil

Net Income -$719-mil -$124-mil

Per Share -$2.20 -42 cents

YOU MIGHT ALSO LIKE

Advertisement
Advertisement