Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Jenna who wrote (54098)	7/31/1999 10:16:00 AM
From: Connor26	Read Replies (1) of 120523

Jenna: NXCD - been watching this one as well - you've been sticking with it - this news came out 7/20 - could it already be factored in and NXCD's price will stay put? - thanks, Connor26 SAN FRANCISCO, July 20 (Reuters) - Internet-based credit card issuer NextCard Inc.<NXCD.O> expects its revenues for the second quarter to significantly exceed analyst expectations, although its per share loss should be in line with forecasts, the company's chief executive said. NextCard Chief Executive Officer Jeremy Lent told Reuters the San Francisco-based company's revenues would be well above the $1.7 million predicted by analysts for the second quarter and the $1.2 million in revenues it posted for all of 1998. "The revenue number will be significantly above what analysts had expected," Lent said in telephone interview. Earnings, however, would be more in line with analyst predictions of a loss of 46 cents a share, due to investment needed to build the business quickly, Lent said.

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