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Monday, October 05, 2009
Fortune Industries Expects $62-M-$66M Revenue in 2010
FOXBusiness
Fortune Industries Inc. (FFI) said Monday it expects to report earnings of $0.08 per share for its fiscal year ending June 30, 2010.
The human resources company also expects 2010 revenues to be in the range of $62 million - $66 million, citing a weak economy.
"In addition, we are currently experiencing a difficult health insurance and workers' compensation environment," stated CEO John Fisbec in a statement. "These conditions and the impact it has on the PEO industry, we are very happy that we have achieved our goals of having a strong, profitable year.
The Indianapolis-based company reported earnings of 3 cents a share on revenue of $72.9 million compared to $137 million in the same quarter a year before.
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