Helios and Matheson Information Technology Inc. Provides Earnings Guidance for the Fourth Quarter and Full Year Ended December 31, 2012
For the quarter, the company expects to report net earnings of $164,000 or $0.07 per basic and diluted share. The company expects to report revenue of $3.325 million and gross margin will be stable in the range of 21%-22% for the fourth quarter of 2012. The company expects gross profit to be $695,000, income from operations to be $156,000.