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Hooper Holmes Announces Third Quarter 2008 Results
Date:11/7/2008

BASKING RIDGE, N.J., Nov. 7 /PRNewswire-FirstCall/ -- Hooper Holmes (Amex: HH) today announced financial results for the three and nine months ended September 30, 2008.

For the three months ended September 30, 2008, total revenues decreased 4.5% to $47.2 million compared to $49.4 million in the third quarter of 2007. The Company recorded a net loss of $2.7 million for the third quarter of 2008, or $(0.04) per share compared to a net loss of $10.6 million, or $(0.16) per share in 2007. The third quarter 2008 results include a loss from continuing operations of $2.0 million, or $(0.03) per share, compared to a loss from continuing operations of $4.5 million, or $(0.07) per share in the prior year. The third quarter 2007 loss from continuing operations included restructuring and other charges of $1.6 million. The net loss for the third quarter of 2008 includes a loss of $0.6 million from discontinued operations. The net loss for the third quarter of 2007 included a loss from discontinued operations of $6.1 million.

For the nine months ended September 30, 2008, total revenues were $150.8 million compared to $157.3 million in the comparable period of 2007, a decrease of 4.1%. The Company's net loss for the nine months ended September 30, 2008 totaled $3.1 million, or $(0.05) per share, compared to a net loss of $14.2 million, or $(0.21) per share in 2007. The results for the nine months ended September 30, 2008 include a loss from continuing operations of $3.0 million, or $(0.04) per share compared to a loss from continuing operations of $8.2 million, or $(0.12) per share in the prior year. The loss from continuing operations in 2008 includes restructuring and other charges of $1.7 million. The 2007 loss from continuing operations
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