-- Diluted EPS from Continuing Operations were $0.62; Adjusted Diluted EPS from Continuing Operations were $0.55 NEW YORK, Nov. 3 /PRNewswire-FirstCall/ -- Viacom Inc. Full Article at PR Newswire
By focusing on managing our inventory and controlling expenses, we continued to mitigate the impact of the difficult macro-economic environment on our sales. We achieved increased efficiencies in our distribution center and reduced total product inventories by 4.9% from the prior year despite operating ...
Our strong brands and balance sheet provide meaningful competitive advantages. We have recently completed our long-term strategic plan to accelerate growth and improve profitability. We are determined to drive tremendous value to consumers, customers, partners, and our shareholders.
We are pleased that we achieved our targets for sales and operating profitability for the quarter, despite current economic conditions. We will proceed cautiously for the time being, but continue to believe that this is a time of great opportunity for our business.
We are pleased with the relative strength of our performance in this challenging consumer environment, as we delivered third quarter earnings that exceeded the high end of our guidance
New orders for ultracapacitor-based energy storage solutions for hybrid and electric transit buses, electric rail vehicles, fuel cell lift trucks and wind turbine pitch systems combined with existing customer volume to produce the second consecutive record quarter for ultracapacitor revenue
The outlook for 2009 is good and should track inline with our long-term goals. Our initial guidance for 2009 earnings per share is a range of $3.55 to $4.05.
Although market conditions continue to be challenging, we secured six new commitments during the quarter, which is an improvement from the five commitments we reported in Q3 of last year.
We are disappointed with the results this quarter. In the fourth quarter, security product revenues and gross margins were reduced by a non-Hifn related manufacturing issue at our largest customer. Revenues were further impacted by a large transaction that slipped into October
We are operating in a tough hiring environment. However, we continued to add new accounts at a healthy pace which has served as a significant offset to the general weakness in hiring.
For the remainder of the year, we will continue to focus on growing our joint health franchise in the U.S. and around the globe, adding international distribution partners for ELEVESS, and making the investments needed to leverage our industry-leading HA technology into new products
Saudi Arabia Crown Prince Sultan bin Abdul-Aziz (C) arrives at King Khalid International Airport December 11, 2009. View Photo »
HOCHFILZEN, AUSTRIA - DECEMBER 11: Tim Burke of United States during the men's 10km sprint on December 11, 2009 in Hochfilzen, Austria. View Photo »
GEORGE, SOUTH AFRICA - DECEMBER 11: Lee Rees of Wales clears from the scrum during the IRB Sevens Series match between Wales and United States at... View Photo »
Wyclef Jean of Haiti and Lang Lang of China play together at the Nobel Peace concert in Oslo, Friday, Dec. 11, 2009. View Photo »
COPENHAGEN, DENMARK - DECEMBER 11: He Yafei, Vice foreign minister of China, briefs the media during the the first week of the United Nations Clima... View Photo »
