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PRG-Schultz reports increased net earnings in Q3

Posted on: Tue, 03 Nov 2009 04:52:00 EST

Symbols: PRGX

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Nov 03, 2009 (M2 EQUITYBITES via COMTEX) --
PRGX | Quote | Chart | News | PowerRating -- Recovery audit firm PRG-Schultz International Inc (Nasdaq:PRGX) on
Monday reported net earnings for theAthird quarter of USD6.4m or
USD0.27 per basic and diluted share, compared to net earnings of
USD4.2m or USD0.18 per diluted share for the same period last year.

The third quarter 2009 net earnings included before-tax charges of
USD1.5m related to stock-based compensation, USD0.7m of foreign
currency gains on inter-company balances and a USD2.8m bargain purchase
gain after acquiring First Audit Partners LLP in July 2009.

Consolidated revenue for the third quarter of 2009 was USD45.3m, down
by USD3.9m or 7.9% from USD49.2m in the corresponding quarter in 2008.

Adjusted EBITDA for the third quarter was USD7.4m compared to USD9.2m
of adjusted EBITDA in the third quarter a year ago.

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For full details on Prg-schultz Intl Inc (PRGX) PRGX. Prg-schultz Intl Inc (PRGX) has Short Term PowerRatings at TradingMarkets. Details on Prg-schultz Intl Inc (PRGX) Short Term PowerRatings is available at This Link.

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