Business Services Industry
Warning Cuts Dallas-Based Medical-Imaging Company's Stock Values in Half.
Knight Ridder/Tribune Business News, December, 2002
By Roger Yu, The Dallas Morning News Knight Ridder/Tribune Business News
Dec. 20--Radiologix Inc.'s shares lost more than half of their value Thursday after the medical imaging services provider said fourth-quarter earnings will fall much more than expected due to competitive pressure on the East Coast.
The warning came two weeks after chief executive Mark Wagar said he would resign.
Dallas-based Radiologix, whose 116 facilities nationwide offer services such as magnetic resonance imaging, computed tomography and ultrasound, said fourth-quarter earnings per share will be about 3 cents, significantly lower than its previous estimate of 20 cents.
It also lowered its 2002 earnings forecast to 57 cents per share, down from the...
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