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rmarchma

10/28/05 1:16 PM

#130827 RE: laranger #130825

Ranger re projected 3rd quarter earnings

I posted the following just after IDCC provided guidance on the third quarter:

Posted by: rmarchma
In reply to: None
Date:9/21/2005 2:16:35 PM
Post #of 130807

Preliminary EARNINGS projection for third quarter as follows:

Total Revenues $48.5m (midpoint of latest guided range)

-Operating Expenses -37m ($36.2m 1st quarter + $0.8m repositioning charge)

+Interest Income +0.6m

=Income Before Tax =12.1m

-Income Tax Expense -4.8m (at estimated 40%)

= Net Income =$7.3m

Basic EARNINGS per Share at 53.4m weighted shares = 14 cents per share

Diluted EARNINGS per Share at 56.5m weighted shares = 13 cents per share