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Opinion Research Corp Revises Guidance For 2004
Opinion Research Corporation has recently announced that 2004 revenues are expected to be within the previously issued revenue guidance of USD$194 to USD$196 million but that it is reducing its 2004 net income guidance.
The company is now forecasting 2004 net income of US$1.9 - 2.1 million down from the previous guidance of US$3.0 - 3.2 million. These results include a second quarter 2004 refinancing-related charge which reduced net income by US$1.6 million.
This revised guidance will result in a continuation of the positive trends in revenues and earnings reported in the prior quarters of 2004.
The reduced guidance for 2004 is primarily the result of cost increases on certain contracts in the US market research segment, as well as lower revenues and earnings in the teleservices segment, where demand in the fourth quarter was below expectations and historical fourth quarter levels.
The company can be found online at www.opinionresearch.com
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