Spread Trading

by Armando Duke

Football Betting Spread Perma-Fix Environmental Services, Inc. released its 2nd quarter results Tuesday recording sales of $19.9 million for the 2nd quarter and $70,000 in earnings.Visit our AXcess News Forum and add your comments on this story. Try your hand at writing, the best story will be published on our news network. Take our environmental poll too!

For the first quarter of 2003, the company expects revenue to be flat versus the fourth quarter 2002 level. First quarter gross margin is expected to be in the mid 60% range, and first quarter total operating expenses are expected to increase approximately $1 million from the fourth quarter 2002 level. On a per share basis, first quarter 2003 GAAP net income is expected to be a loss of approximately five cents per share. For the full year 2003, the company expects total revenue to be approximately $20 million, a 22% increase over 2002 revenue.

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Nfl Betting Spread Aug 3, 2004 (AXcess News) Atlanta - Perma-Fix Environmental Services, Inc. (Nasdaq: PESI) released its 2nd quarter results Tuesday recording sales of $19.9 million for the 2nd quarter and $70,000 in earnings.The company's revenue was flat when compared to the same period last year, though the mixed and industrial waste management company did show a slight profit compared to a loss of $1.3 million or 4 cents per share for the same period last year.

The company expects revenue to be approximately flat with first quarter numbers in the second quarter of 2002 as it does not plan to invest in sales & based product. Gross margins are expected to be in the range of 65% to 70% for the second quarter. Second quarter total operating expense will increase from the first quarter level by approximately $1 million. On a per share basis, cash net loss from continuing operations is expected to be a loss of 3 to 4 cents in the second quarter.

Advanced Commodity Spread Results for the quarter reflect an 8.0% increase in revenue from the Nuclear Segment and a 6.5% decrease in revenue from the Industrial Segment. The decrease in the Industrial Segment was largely attributable to the recent restructuring, in which the company eliminated low-margin, high volume services, and reduced its dependence on outside brokers. Also affecting the Industrial Segment during the quarter was the ongoing disruption at the Michigan facility resulting from a fire in the fourth quarter of 2003.

AMD shares, which were trading as high as $40 a share two years ago, are now trading at $6 apiece. Analysts on average expect AMD to report a pro forma loss of 51 cents a share on revenue of $1. quarter earnings, according to Yahoo Finance. The company posted a 90 cent loss on $1.23 billion in sales in the same quarter a year ago.

Betting Exchange Spread $2.7 million of 2nd quarter revenue came from USL Environmental Services, Inc. of Baltimore, Md. and US Liquids of Pennsylvania, Inc. of Pittsburgh, Pa. Two acquisitions that were completed this year.Without those companies sales, Perma-Fix would have incurred a 14% drop in revenue for the period.Dr. Louis F. Centofanti, Chairman, defended Perma-Fixes results in Tuesday's earnings announcement saying, "Our recent restructuring efforts are now beginning to have a very positive effect on the Industrial Segment. As anticipated, ourAdvertisement

The company expects postage revenue to be up slightly in the fourth quarter 2001 versus the third quarter. Gross margins are expected to be above 70% in the fourth quarter as labor costs decrease and the efficiency in customer support operations increases. Sales and marketing and R&D expenses are expected to be flat with third quarter levels, and G&A is expected to be down another half million from Q3 levels. Cash EPS is expected to continue to improve from the third quarter to a loss of two cents.

Stock Spread Trading Revenues were down slightly, as the Industrial Segment eliminated low-margin brokered customers. However, we are now seeing improved revenues as our new sales efforts take effect. As we analyze the results of the Industrial Segment for the quarter, the major contributor to its loss was the operating losses sustained at the Michigan facility, as a result of its ongoing disruption. Looking ahead, we remain focused on increasing revenues and achieving sustained profitability within the Industrial Segment, as we strengthen our dominant position in the Southeast." For the six months ended June 30, 2004, consolidated revenues were $37.3 million compared to $39.4 million for the period ended June 30, 2003. Net loss applicable to common stock for the six months was $2.0 million, or $.05 per share, compared with net loss applicable to common stock of $1.7 million, or $.05 per share for the same period in 2003.

Online Spread Betting Shares of PESI closed Tuesday at $1.70, down 7 cents or 3.95%, on 31,998 shares volume.

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