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Just as your pulse is checked during a routine physical, free cash flow is used as an indicator of a company's health. It equals the cash brought in from operations minus the money needed to pay the bills. Think about leftover money in your checking account after you pay this month's bills.
Investors and analysts see this leftover money as a gauge of a company's ability to perform. It is available for transactions such as handing out dividends and working on new products.
Some argue free cash flow is wrongly overshadowed by the emphasis often placed on earnings. Earnings numbers can be manipulated and don't always tell the whole story -- and earnings don't mean much if there's nothing left over after a company pays its expenses. Even if you bring in a six-figure salary, but no money left after paying the bills, are you in great financial shape?
You don't have to be Einstein to figure out free cash flow. To calculate the number, subtract the company's expenditures and dividends from its operating cash flow.
If the free cash flow is written in red ink, it doesn't necessarily signal curtains. This is common for young companies looking to grow. It also could be a result of heavy investments, which in the long run could be worth a standing ovation.
Home / Markets / Industries / Technology
Wednesday, May 07, 2008
Noah Education to Report Third Fiscal Quarter 2008 Financial Results on May 15, 2008
Comtex
SHENZHEN, China, May 7, 2008 /Xinhua-PRNewswire via COMTEX News Network/ ----Noah Education Holdings Ltd. ("Noah") (NYSE: NED), a leading provider of interactive education content in China, today announced that it will report its financial results for the third fiscal quarter ended March 31, 2008 after the U.S. markets close on May 15, 2008.
Noah's management will host an earnings conference call at 8 p.m. on May 15, 2008 U.S. Eastern Standard Time (8 a.m. on May 16, 2008 Beijing/Hong Kong time).
Dial-in details for the earnings conference call are as follows: US Toll Free: +1-866-700-0133 Hong Kong: +852-3002-1672 International: +1-617-213-8831
Please dial-in 10 minutes before the call is scheduled to begin and provide the passcode to join the call. The passcode is "Noah Earnings Call."
A replay of the conference call may be accessed by phone at the following number until June 14, 2008:
International: +1-617-801-6888
Passcode: 72140556
Additionally, a live and archived webcast of the conference call will be available at http://ir.noahtech.com.cn .
About Noah
Noah Education Holdings Limited ("Noah") (NYSE: NED) is a leading provider of interactive education content in China. Noah develops and markets interactive multimedia learning materials mainly to complement prescribed textbooks used in China's primary and secondary school curricula. Noah delivers content primarily through handheld digital learning devices, or DLDs. Additionally, Noah operates nine after-school tutoring centers in Chengdu, Chongqing and Beijing as part of its strategy to become China's leading brand in supplemental education content and service.
For investor and media inquiries, please contact: In China: Wendy Li Noah Education Holdings Limited Tel: +86-755-8204-3194 Email: lixin@noah21cn.com Helen Plummer Ogilvy Public Relations Worldwide (Beijing) Tel: +86-10-8520-3090 Email: helen.plummer@ogilvy.com In the United States: Jessica Cohen Ogilvy Public Relations Worldwide (New York) Tel: +1-646-460-9989 Email: jessica.cohen@ogilvy.com
SOURCE Noah Education Holdings Limited
http://ir.noahtech.com.cn
Copyright (C) 2008 PR Newswire. All rights reserved
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