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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 (68236)10/27/1999 2:33:00 PM
From: Jenna  Read Replies (4) of 120523
 
<ALERT> Stock #4 EP 10/28.. triggering and at high of the day. For the thread: HGSI and UGLY.. both were alternate earnings plays and are doing fine today.


Ugly Duckling Reports Record Third Quarter and Nine-Month Financial Results
Company Announces Planned Entry into Virginia Market with Agreement to Acquire Five Dealerships and Finance Company Portfolio
PHOENIX--(BUSINESS WIRE)--Oct. 27, 1999-- Company Expects to Open Minimum of 20 New Dealerships in 2000

Third Quarter Highlights:

-- Earnings from continuing operations increased 174% to
$4.2 million, or $0.28 per diluted share, from $1.5 million, or
$0.08 per diluted share, in year-ago quarter

-- Total revenues increased 42% to $137.5 million from $96.7 million
in year-ago quarter

-- On-balance sheet loan portfolio principal balance reaches
$332.0 million, representing a 29% sequential increase over
second quarter and ten-fold rise over year-ago quarter

-- New loan originations reached $102.6 million, representing a 7%
sequential increase over second quarter and 44% gain over
year-ago quarter

-- Operating expenses as a percent of total revenue declined to 27%
from 35% in year-ago quarter
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