Standard Parking Q1 Net Income Rises

Standard Parking Corp. posted financial results for the first quarter, reporting net income of $3.8 million or $0.37 per share compared to $2.1 million or $0.19 per share in the corresponding quarter in the previous year.
Quarterly revenues totaled $151.63 million compared to $143.08 million in the previous year.

On average, three analysts polled by First Call/Thomson Financial estimated earnings of $0.25 per share for the quarter, on revenues expected to total $109.63 million.

Looking ahead to fiscal 2006, the company reaffirmed its guidance of $1.50-$1.60 per share. The company also reaffirmed its expectation that free cash flow will $20 million or higher.

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