ORANGE COUNTY EARNINGS
- Share via
InSight Health Services Corp: The Newport Beach provider of diagnostic imaging and related services said net income for the third fiscal quarter ended March 31 increased to $1.9 million, or 20 cents a share, from $380,000, or 7 cents a share, for the like period a year ago. Revenue gained 24% to $28.6 million from $23 million.
For the nine months, the company posted a net loss of $1.5 million, or 19 cents a share, which included a charge of $6.3 million. For the comparable period last year, the company earned $748,000, or 14 cents a share. Revenue rose 26% to $85.7 million from $68.1 million. The company also said Thursday it intends to raise about $100 million through a private placement of notes. Proceeds will be used to pay certain debts under an existing line of credit.
More to Read
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.