August 4, 2001
Exult Inc. said its new offering of 12 million shares of common stock has been priced at $13.34 a share. The Irvine company, which provides human resources services, increased the offering by 2 million shares from the amount originally planned. Exult is offering 8 million shares and shareholders are selling the remainder. Exult said it expects to receive about $100.5, after expenses and underwriting discounts and commissions.
July 13, 2001
Exult Inc., an Irvine provider of human-resource services, reported that its loss for the second quarter widened to $24.8 million, or 27 cents a share, from $13.8 million, or 40 cents a share, a year earlier on a smaller number of shares outstanding. The loss for the recent quarter included $7.3 million in charges for such items as severance and facility consolidation. Revenue surged to $64.3 million from $8.2 million.
June 30, 2001
Exult Inc. and shareholders, including majority owner General Atlantic Partners LLC, filed to sell 10 million shares of the Irvine human resources services provider--a stake worth $170.5 million based on Friday's closing price. Exult plans to sell 6.7 million shares, worth $114 million after the stock lost 68 cents Friday on Nasdaq to close at $17.05 a share. Despite the drop, the stock has gained 29% this year.
April 18, 2001 |
Exult Inc., money-losing provider of human resources services, said it expects financial results to meet first-quarter targets, adding that its outlook for continued growth for the entire year is excellent. Analysts estimated that the Irvine company will lose 26 cents a share for the first quarter, according to a survey by First Call/Thomson Financial. The company said it is committed to profitability and achieving positive cash flow in the first half of 2002.
February 16, 2001
The Irvine provider of Web-based business services posted a net loss of $52.5 million, or 60 cents a share, for the fourth quarter, which included a one-time, noncash charge of $29.9 million related to issuance of a three-year warrant to buy 5 million shares of the company's stock. For the 1999 fourth quarter, a net loss of $8.4 million, or 90 cents a share, was reported. Revenue rose to $32 million, from $2.6 million. The net loss for the year was $94.8 million, or $1.