Avant! Market Gems Earnings Play from 13th February looking good for more possible upside. We are very circumspect and careful with our holds here. We won't take home junk. LTXX an early morning trigg still in strength but I wouldn't even hold that one. Holds we are taking are in the health sector, select pharmaceuticals and earnings plays that beat already and not guessing in others or taking blimps home.
Reports 7th Consecutive Year of Record Growth
Company Reports 28th Consecutive Quarter of Record Results
FREMONT, Calif., Feb. 13 /PRNewswire/ -- Avant! Corporation (Nasdaq: AVNT - news) today reported record results for its year ended December 31, 2000. For the year, revenue was a record $358 million, an 18% increase over 1999 revenue of $304 million. Pro forma net earnings excluding merger, in-process research and development expenses and venture capital investment gains were a record $70.9 million, a 20% increase over 1999 net earnings of $59.0 million. Pro forma diluted earnings per share were also a record $1.77, a 20% increase over 1999 earnings per share of $1.48. Reported diluted earnings per share for the year including merger, in-process research and development expenses and venture capital investment gains were $2.07 compared to $1.42 last year.
For the fourth quarter ended December 31, 2000, revenue was a record $93 million, a 14% increase over the fourth quarter revenue of $81 million last year. Pro forma net earnings excluding venture capital investment gains were a record $18.8 million, a 15% increase over fourth quarter 1999 net earnings of $16.3 million. Pro forma diluted earnings per share were also a record $0.47, a 15% increase over fourth quarter earnings per share of $0.41 last year. Reported diluted earnings per share for the quarter including venture capital investment gains were $0.57 compared to $0.51 last year. |
