Hooper Holmes 1Q Up 6% Over Previous Year

Hooper Holmes, Inc. Wednesday reported financial results for the first quarter ended March 31, 2004. Total revenues for the quarter increased 6.9% to $80.0 million from $74.9 million in the first quarter of 2003. Net income was $3.1 million, or $0.05 per diluted share, compared to $4.7 million, or $0.07 per diluted share, in the 2003 first quarter. First quarter 2004 operating margins were negatively impacted by an increase in cost of sales due to continued softness in the core business and investments in Medicals Direct's growth, and additional selling, general, and administrative exp...