Primark Losses Lower Than Expected; Thomson Sees Strong Sales
EARNINGS REPORT
NEW YORK--Primark’s revenue results for the first quarter of this year have surpassed many analysts’ estimates, with losses lower than expected. The sale of The Yankee Group, its telecommunications and high-technology consulting business, to Reuters will provide Primark with $60 million after-tax cash to fund product enhancement and reduce its debt, which is currently $304 million.
Total company first quarter revenues were $125.3 million, an increase of 6.7 percent over the same quarter in 1999
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