Espeed Reports Profit in Q4 2001, Loss for Year
EARNINGS REPORT
NEW YORK--Espeed reported its first-ever profit in Q4 2001, with net operating income of $4.5 million (US GAAP $7.8 million) or $0.08 per share (US GAAP $0.14), compared to a net operating loss of $5.2 million or ($0.10) per share for the same period last year.
In the fourth quarter 2001, the difference between net operating income and GAAP includes a $2.7 million insurance gain and a one-time receipt of $1.2 million, both related to the events of Sept. 11, as well as other non-cash charges of
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