WOODBURY, N.Y., Nov. 21 /PRNewswire-FirstCall/ -- Jennifer Convertibles, Inc. (AMEX:JEN) issued a press release yesterday announcing results for the fourth fiscal quarter and fiscal year ended August 25, 2007. All numbers in the press release are accurate, with the exception of the earnings per share computation. The corrected information is below.
THREE MONTHS ENDED TWELVE MONTHS ENDED
08/25/07 08/25/07 08/25/07 08/25/07
(As Reported) (Corrected) (As Reported) (Corrected)
BASIC INCOME (LOSS) PER
COMMON SHARE:
Income From Continuing
Operations $0.25 $0.22 $ 0.55 $ 0.52
Loss From Discontinued
Operations $ - $ - $(0.01) $(0.01)
Net Income $0.25 $0.22 $ 0.54 $ 0.51 DILUTED INCOME (LOSS)
PER COMMON SHARE:
Income From Continuing
Operations $0.23 $0.20 $ 0.49 $ 0.46
Loss From Discontinued
Operations $ - $ - $(0.01) $(0.01)
Net Income $0.23 $0.20 $ 0.48 $ 0.45
TWELVE MONTHS ENDED
08/26/06 08/26/06
(As Reported) (Corrected)
DILUTED INCOME (LOSS) PER COMMON SHARE:
Income From Continuing Operations $0.61 $0.61
Income From Discontinued Operations $0.02 $0.01
Net Income $0.63 $0.62
DATASOURCE: Jennifer Convertibles, Inc.
CONTACT: Donald Radcliffe of Radcliffe & Associates, Inc., +1-212-605-0201, for Jennifer Convertibles, Inc.
Web site: http://investors.jenniferfurniture.com/
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