OO one I held earnings play powering here. These, Gemmers, are the kinds of stocks we hold for swing trades together with the Swing shorts in the blimps. We held WLP, XTO for gap ups today and would have held SCMR calls, but dropped them at the last moment. I now like LH for upside and earnings positive surprise. Expecting good earnings for LH, this is the second time LH has been an earnings play.
The only large cap tech stock I took home was NTAP and up 4 points onlyOakley Income Vaults 75 Percent in Record Fourth Quarter
83 Percent for Full Year
FOOTHILL RANCH, Calif.--(BUSINESS WIRE)--Feb. 14, 2001--
Selected Fourth Quarter Highlights: -- Net sales increase 41 percent to $93.3 million -- New product categories contribute 21 percent to fourth quarter
sales -- U.S. net sales increase 38 percent; international net sales grow
44 percent -- Diluted earnings per share jump 75 percent, to a fourth quarter
record $0.14 vs. $0.08(i)
Oakley Inc. (NYSE:OO - news) today announced record financial results for its fourth quarter and full year ended Dec. 31, 2000.
Net sales for the quarter totaled $93.3 million, a fourth quarter record and 41 percent above the $66.3 million achieved in the fourth quarter of 1999. Net sales for the full year 2000 also increased 41 percent to $363.5 million from $257.9 million in 1999.
Net income for the fourth quarter totaled $9.7 million, or $0.14 per diluted share, a 75 percent increase over the comparable period's net income of $5.7 million, or $0.08 per diluted share(i). For the full year, net income grew 83 percent to a record $51.1 million, or $0.73 per diluted share, compared with $28 million, or $0.40 per diluted share in 1999(i).
``2000 rocked,'' said Oakley Chairman and Chief Executive Officer Jim Jannard. ``But we're over it. 2001 is what matters now.''
Oakley Chief Operating Officer Link Newcomb commented, ``We view 2000 as representing a successful passage to a higher plane |
