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 (5417)	10/31/1999 7:22:00 PM
From: Bob Kim	Read Replies (2) of 10027

"We cautioned analysts not to model third-quarter earnings based on the high watermark of the second quarter. Many of the analysts did not consider the possibility of two Federal rate hikes, seasonality and a major correction in the Internet sector," Turner said. Gary, I guess this explains why he was okay with numbers in 40+ cent range following 2Q results and why KP was okay with $0.35 with two weeks left in the quarter. I ran the numbers vs ML's estimates NITE 3QA ML 3QE (July) Difference Revenues 137.6 mil 227.0 mil -39% Shares Traded 17.8 bil 20.8 bil -14% Trades 20.4 mil 21.8 mil -6% Avg Daily Trades 319.3 thous 341.3 thous -6% EPS 0.19 0.42 -55% NITE 3QA ML 3QE (Sep) Difference Revenues 137.6 mil 192.8 mil -29% Shares Traded 17.8 bil 16.8 bil +6% Trades 20.4 mil 19.6 mil +4% Avg Daily Trades 319.3 thous 306.7 thous +4% EPS 0.19 0.35 -46%

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