Market Gems-Trading Strong Earnings Growth and Momentum Message Board

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Strategies & Market Trends : Market Gems-Trading Strong Earnings Growth and Momentum

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To: Jenna who wrote (4700)	2/15/2001 2:24:29 PM
From: Kelvin Taylor	of 6445

Thursday February 15 8:18 AM ET Sharper Image Earns Rise, Miss Estimates SAN FRANCISCO (Reuters) - Specialty retailer Sharper Image Corp. (NasdaqNM:SHRP - news) on Thursday said fourth-quarter earnings rose 19 percent but fell short of Wall Street forecasts despite revenue gains driven by new store openings. The San Francisco-based retailer of upscale gift items said earnings for the quarter, ended Jan. 31, rose to $13 million, or $1 per diluted share, from $11 million, or 83 cents a share, in the corresponding quarter of the previous year. Analysts on average had estimated the company would post earnings of $1.01 per share, according to data tracking firm First Call/Thomson Financial. Revenues increased 24 percent to $176.7 million from $142.5 million. Sales at stores open at least a year rose 13 percent. The company said sales were boosted by the opening of nine new stores during the year, and by aggressive advertising of private-label products, especially the Razor scooter.

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