Knight/Trimark Group, Inc. Message Board

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Non-Tech : Knight/Trimark Group, Inc.

KCG 20.00

0.0%

Aug 17 5:00 PM EST

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To: gbh who wrote (4572)	10/4/1999 1:22:00 PM
From: Bob Kim	Read Replies (2) of 10027

Gary (gbh), Have you seen any more estimate revisions? It would appear to me that NITE takes a passive approach to doling out guidance. The revisions have seemed to have come in waves of BBRS first, then the next group and the next group. I'm wondering what the others are going to do? It appears that something always crops up and catches the analysts off guard. First it was volume, then volatility, now it's the specific volume mix and specific volatility mix. Appleby's cuts were his severest yet for the third quarter. From mid-Sept levels he cut his rev. estimate by $36 mil. Since the peak estimate post 2Q99 earnings, that estimate has been cut by almost $96 mil or 40%. NITE's revenues in 3Q98 were only $92 mil.

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