Intangible assets financial reporting
SAN ANTONIO, TX — (Marketwire) — 07/17/12 — Harte-Hanks, Inc. (NYSE: HHS), a worldwide direct and targeted marketing company that provides multichannel direct and digital marketing services and shopper advertising opportunities, today announced preliminary second quarter 2012 financial results.
Total revenues for the second quarter based on currently available information are expected to be between $195 million and $205 million. Diluted earnings per share, excluding the goodwill impairment charge discussed below, are estimated to be in the range of $0.10 to $0.12. Diluted earnings per share, including the goodwill impairment charge discussed below, are estimated to be a loss in the range of ($1.93) to ($1.50). The diluted earnings per share estimates include approximately $0.02 for restructuring charges in both our Direct Marketing and Shoppers businesses. Larry Franklin, Chairman, President and Chief Executive Officer, said, “We are obviously disappointed with these preliminary results. The percentage decline of our Direct Marketing revenues was greater in the second quarter than it was in the 2012 first quarter due to revenue weakness with our high tech, pharmaceutical and financial services customers. Our second quarter Shoppers revenue percentage decrease was slightly worse compared to our 2012 first quarter revenue decrease. This revenue performance is not where we want it.”
Source: Nearshore Journal
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