Tuesday, July 25, 2006

Charges related to purchase drop Epiq earnings

Citing costs related to its purchase of nMatrix Inc. last year, Epiq Systems Inc. reported lower second-quarter earnings on higher revenue compared with last year.

After the market closed on Tuesday, the Kansas City, Kan., company reported earnings of $528,000, or 3 cents a share, for the quarter that ended June 30. This is an 82 percent decrease from earnings of $2.9 million, of 15 cents a share, for the same quarter last year.

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