Data Processing Has Good and Bad News
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Data Processing Resources Corp. said Thursday that it expects second-quarter revenue to fall as much as $1.5 million below expectations because of holiday shutdowns by the technology companies it serves and increased holiday time off by the temporary workers it supplies.
The Newport Beach staffing company said that despite the sales outlook, it expects its net income and earnings-per-share figures to meet targets for the quarter.
Analysts have estimated that Data Processing Resources will earn about 30 cents a share in the three months ending Jan. 31. The company earned $2.4 million, or 22 cents a share, in its fiscal second quarter a year earlier, on sales of $44.8 million.
Word that profits for the present quarter should meet analysts’ estimates apparently pleased investors. The company’s stock gained $1.13 a share Thursday, closing at $24.63 in moderate Nasdaq trading.
The company plans to report results for its second fiscal quarter during the first week of March.
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