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Technology Stocks : Amazon.com, Inc. (AMZN)

AMZN 226.19

-1.8%

Dec 12 9:30 AM EST

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To: Bill Harmond who wrote (144600)	8/2/2002 3:12:02 PM
From: H James Morris	Read Replies (1) of 164684

Never underestimate the power of the taco. Rubio's 140 installed restaurants. Ariba has one in east LA. August 2, 2002 Rubio's Restaurants Inc. of Carlsbad beat analysts' earnings forecasts for the second quarter, reporting a 41 percent jump in quarterly profits yesterday. The company announced profits of 12 cents per share. The Thomson First Call survey of analysts had estimated second-quarter earnings of 10 cents a share. The chain, with 140 restaurants in Western states, reported profits rose to $1.13 million from $798,000, or 9 cents a share, a year earlier. Sales increased 6.2 percent to $30.7 million from $28.9 million a year earlier. Comparable-store sales were up 0.9 percent for company-owned restaurants and 0.8 percent systemwide. Rubio's said it expected third-quarter earnings of 9 cents to 10 cents a share. It also raised its full-year forecast to 24 cents to 27 cents from an earlier range of 22 cents to 25 cents. The company's stock closed up 29 cents yesterday at $7.25 per share.

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