SmallCapReview.com is a leading small cap stock information site since 1999, to register for the free SmallCapReview newsletter visit http://www.smallcapreview.com.
APAC Customer Services (Nasdaq: APAC) Closed at $5.71, Up 53%. Announced Tuesday after market close financial results for its first fiscal quarter ended March 29, 2009. Revenue for the 2009 first quarter rose 15.3% to $73.2 million from $63.5 million in the 2008 first quarter. Gross profit for the 2009 first quarter was $18.6 million, or 25.3%, compared to $7.8 million, or 12.2%, in the prior year period.
The company reported net income of $10.6 million, or $0.20 per diluted share, compared to a net loss of $4.0 million, or $0.08 per diluted share, in the prior year quarter, which included $2.3 million in restructuring and other charges. The company does not expect to owe any federal income tax in 2009 due to its net operating loss carryforward and other tax credits. First quarter 2009 adjusted EBITDA was $13.6 million compared to $2.7 million in the 2008 first quarter.
APAC is a current focus stock at SmallCapReview.
What They Do: APAC Customer Services is a leading provider of customer care services and solutions for market leaders in healthcare, business services, publishing, communications, travel and entertainment and financial services industries.
About SmallCapReview
Copyright SmallCapReview. SmallCapReview.com has been a leading site for news on small-cap stocks since 1999. SmallCapReview has built a loyal opt-in following for their investor products by providing a newsletter at no cost, sent to subscribers, highlighting select small-cap stocks, to register visit http://www.smallcapreview.com.
