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: Gary Korn who wrote (4784)	10/11/1999 6:37:00 AM
From: oilbabe	Read Replies (3) of 10027

NITE issues earnings warning due to high volatility and slower volumes. JERSEY CITY, N.J., Oct. 11 /PRNewswire/ -- Knight/Trimark Group, Inc. (Nasdaq: NITE) announced today that it expects to report diluted earnings per share estimates in the range of $0.17 to $0.19 for the third quarter ended September 30, 1999. This earnings per share estimate is below analyst expectations. The company reported $0.13 earnings per share for the third quarter of 1998. The company expects revenues for the third quarter this year to approximate $138 million, a 49 percent increase over revenues of $92.4 million for the same period in 1998. Trades executed during the third quarter of 1999 amounted to 20.4 million, a 95 percent increase over the number executed in the third quarter of 1998. In addition, the company trade approximately 17.8 billion shares in the third quarter of 1999, an 88 percent increase over the number of shares traded in the third quarter of 1998. Final results for the third quarter 1999 will be announced before the opening of the market on October 13, 1999.

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