Labor Ready Says 3Q Net Up On Lower Revenue

Labor Ready, Inc. (NYSE:LRW) yesterday reported that revenue for the third quarter ended September 27, 2002, was $250.9 million with net income of $8.5 million, or $0.18 per diluted share, and $0.21 per basic share, as compared to revenue of $259.9 million and net income of $7.9 million, or $0.19 per diluted and basic share, in the third quarter of 2001. The difference in basic and diluted net income per share for the third quarter 2002 is related to the additional equivalent shares attributable to the $70 million of subordinated convertible notes the Company issued on June 19, 2002. "We are...