ISRAEL: Retalix forecasts robust Q3 results

Retalix, an Israeli maker of software solutions for the retail food industry, announced yesterday [Tuesday] that it anticipated reporting revenue in excess of US$20m for the third quarter The company further announced that that profit per share was expected to meet current consensus estimates, according to a report in Globes. The report notes that Retalix will report its Q3 results on 29 October, before the Nasdaq market opens. “Before today’s announcement, consensus estimates were that the company would earn US$0.13 per share on revenue of US$20m in the 3rd quarter” the report comments.

October 2, 2002

Retalix, an Israeli maker of software solutions for the retail food industry, announced yesterday [Tuesday] that it anticipated reporting revenue in excess of US$20m for the third quarter

The company further announced that that profit per share was expected to meet current consensus estimates, according to a report in Globes. The report notes that Retalix will report its Q3 results on 29 October, before the Nasdaq market opens. “Before today’s announcement, consensus estimates were that the company would earn US$0.13 per share on revenue of US$20m in the 3rd quarter” the report comments.

For the second quarter the company reported profit of US$1.4m, or US$0.11 per share, on revenue of US$17.3m. Retalix shares fell 3.1% on Nasdaq on Monday, closing at US$9.40. The company is valued at US$110m on the stock market.

By Aaron Priel, just-food.com correspondent

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