Knight/Trimark Group, Inc. Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

0.0%

Aug 17 5:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Herschel Rubin who wrote (3671)	8/28/1999 2:02:00 PM
From: Gary Korn	Read Replies (1) of 10027

Herschel, For what it is worth, there are 64 trading days in 3Q, as opposed to 63 trading days in 2Q. Dividing last quarter's earnings (.43) by 63, leaves us with a daily earnings number of .0068, or a little more than 1/2 penny per share. (Pretty much the same number obtains even if you divide 63 into a number such as .38, which is Merrill's lowered number for 3Q). Thus, while 3Q will see a sequential decline in earnings due to lower volume/volatility (and analysts have now taken this into consideration), one wonders whether the extra 1/2 penny per share (which would be rounded up to 1 full penny) has been considered at all? Gary Korn

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next