SI
SI
discoversearch

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.
Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jenna who wrote (66549)10/15/1999 3:05:00 PM
From: Jenna  Read Replies (1) of 120523
 
<preserve capital> Closed all long positions. DO NOT buy on dips just yet, it could dip more on Monday. Unless your have instant execution and a good ECN and looking for some scalps the last hour, you might get stuck. some possibilites: ODP,BOBJ,GALT

10/15/99 - RESEARCH ALERT-Office Depot (ODP.N) 4Q EPS view up


CHICAGO, Oct 15 (Reuters) - ABN AMRO said in a research report Friday it raised its fourth quarter earnings per share estimate for Office Depot Inc. by 2 cents to 22 cents, and maintained its buy rating.

-- Office Depot reported third quarter EPS of 19 cents, essentially in line with expectations.

-- The Delray Beach, Fla.-based company's comparable store sales rose slightly ahead of ABN AMRO's estimate at seven percent, helped by better-than-anticipated results in the business services group, ABN AMRO said.

-- Comparable store sales for the stores division matched the estimated target at 3 percent.

-- Office Depot bought back $36.3 million in shares during the third quarter and $9.4 million in shares so far in October, essentially completing the $500 million authorized stock buyback far sooner than expected, ABN AMRO noted.

-- ABN AMRO raised its fiscal year 2000 projection by 10 cents to $1.10.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News