Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: hotlinktuna who wrote (114246)	9/26/2000 4:51:29 PM
From: Jenna	Read Replies (1) of 120523

Tibco third quarter earnings exceed expectations, + 3 1/8 in After Hours. Here we go!!! PALO ALTO, Calif., Sept 26 (Reuters) - Tibco Software Inc. (NasdaqNM:TIBX - news), a supplier of high-speed data distribution software, on Tuesday reported fiscal third-quarter earnings that surpassed Wall Street's expectations. The company, whose real-time e-business software products are used by Web publishers, said it earned $16.4 million or seven cents per share in the latest quarter, excluding certain non-cash charges, compared with a loss of $1.9 million or two cents per share in the year-ago quarter. The latest quarter's operating profit compared with the five cents per share consensus estimate of analysts surveyed by First Call/Thomson Financial, which compiles broker estimates. Tibco said that including the unusual charges, it earned $6.9 million or three cents per diluted share in the latest quarter. Revenues rose to $67.2 million from $24 million in the year-ago period.

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