MDA Q4 Revenue Up but Earnings Down on Acquisition Costs, Other Items

The Canadian Press, February 27, 2013 | Go to article overview

MDA Q4 Revenue Up but Earnings Down on Acquisition Costs, Other Items


MDA Q4 revenue up, but net earnings down

--

RICHMOND, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) is reporting increased revenue but a drop in net earnings for the fourth quarter, citing acquisition costs and other items "not indicative" of its operating performance.

The technology company says fourth-quarter net earnings came in at $12.6 million, or 40 cents per diluted share on revenue of $372.6 million.

That compares to net earnings of $29.2 million, or 91 cents per share on revenue of $178.2 million in the year earlier period.

MDA says net earnings for the quarter were hit by acquisition costs of $11 million related to the purchase of Space Systems/Loral Inc., amortization expenses on acquisition-related intangible assets of $4.8 million, loss on disposal of assets of $1.7 million and share-based compensation expense of $12 million.

Operating earnings, a non-International Financial Reporting Standards measure, for the quarter were $41 million, or $1.27 per diluted share, compared to $31 million or 97 cents per diluted share year over year.

The increase, MDA said, was primarily due to two months of included results from Space Systems/Loral Inc. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Note: primary sources have slightly different requirements for citation. Please see these guidelines for more information.

Cited article

MDA Q4 Revenue Up but Earnings Down on Acquisition Costs, Other Items
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen
Items saved from this article
  • Highlights & Notes
  • Citations
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA 8, MLA 7, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Search by... Author
    Show... All Results Primary Sources Peer-reviewed

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.