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Technology Stocks : eidos--maker of Tomb Raider

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To: hl who wrote (1716)9/9/1999 4:31:00 PM
From: AJ Berger  Read Replies (2) of 1773
 
EPS projections cut 20% and the stock goes up?!

Thursday September 9, 9:50 am Eastern Time

RESEARCH ALERT - Eidos EPS view cut

NEW YORK, Sept 9 (Reuters) - U.S. Bancorp Piper Jaffray analyst Anthony Gikas cut his
fiscal 2000 earnings-per-share estimate for video game maker Eidos Plc (quote from Yahoo!
UK & Ireland: EDS.L) Thursday.

-- In a report, he trimmed the estimate to $1.52 from $1.87.

-- The company had reported ''disappointing first-quarter revenues and earnings below our estimates,'' Gikas said.

-- ''Product delays prompt lower September quarter revenue and EPS estimates.''

-- The company's American Depositary Receipts were up 2-5/8 at 64-3/4.
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