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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 (66399)10/15/1999 2:11:00 AM
From: Jenna  Read Replies (3) of 120523
 
Stock #9 watch list 10/14 Reports 52% Increase In Net Income.. Let's try to see if we can't find some earnings plays to make up for perhaps a down day or at least a down morning. Let's keep our eyes peeled on the earnings calendar even for next week if we have to.

#9 reported record net income of $29,723,000 for the thirteen weeks ended October 2, 1999, a 52% increase over the $19,504,000 reported for the third quarter of 1998. This is the thirteenth consecutive quarter earnings have increased over the same period of the previous year. There were 63 working days in the current year's quarter compared to 64 for last year's quarter.

Net income per share for the current year's quarter was equivalent to $1.07 diluted earnings per share, a 45% increase compared to the 74 cents diluted earnings per share for the same quarter of 1998. Diluted earnings per share for the nine months ended October 2, 1999 were $2.68, a 38% increase compared to $1.94 diluted earnings per share for the same period of 1998.
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