All that extraordinary volume on DUNG gave this online broker a decline in EPS:
<<JERSEY CITY, N.J., Dec. 21 /PRNewswire/ -- National Discount Brokers Group, Inc. (the "Company") (NYSE: NDB) and its two subsidiaries, National Discount Brokers Corporation/NDB.com, the online discount broker, and Sherwood Securities Corp., the Nasdaq market maker, today reported net income from continuing operations for the three months ended November 30, 1999 of $4.3 million (or $.25 per diluted share), a decrease of 2% when compared to net income from continuing operations of $4.4 million (or $.32 per diluted share) for the three months ended November 30, 1998. Diluted shares for the three months ended November 30, 1999 were 17.22 million versus 13.99 million for the three months ended November 30, 1998. Revenue from continuing operations was $70.9 million for its second fiscal quarter ended November 30, 1999, an increase of 56% from $45.4 million during the same period a year earlier. Moreover, net income from continuing operations before advertising (included in selling and marketing expense) and taxes increased by 73% to $15.4 million this quarter from $8.9 million during the same period a year earlier. >> |
