PRG-Schultz International Inc. swung to a profit in the second quarter, aided in part by foreign currency gains.The Atlanta-based recovery audit firm had net income of $5 million, or 21 cents a share, compared with net income of $4.5 million, or earnings of 20 cents a share for the same period in 2008.
http://StockEinstein.com offers free daily stock alerts on companies ready to run. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
Second-quarter revenue was down 8.3 percent to $45.5 million.
The second quarter 2009 net earnings included charges of $1 million related to stock-based compensation and $700,000 related to a previously reported litigation settlement and $1.7 million of foreign currency gains on intercompany balances.
StockEinstein.com has a dedicated team uncovering stocks ready to break and run. We apply time tested criteria and when one of these stocks meets or exceeds our benchmarks, our subscribers are immediately notified directly to their in-box.
This is a free service available only to our subscribers. Scroll to the bottom of this page to signup for free stock alerts and visit our site.
During 2009 our alerts have resulted in an average price gain of 80%+.
Disclaimer: Full disclaimer at http://StockEinstein.com/disclaimer.php
IMPORTANT: Never invest in any stock featured in any press release, email or website unless you can afford the loss of your entire investment. Stocks and particularly penny stocks have the possibility for dramatic gains, and also losses. Neither StockEinstein, nor any of its affiliates are registered investment advisors or broker dealers.