YAHOO!!
biz.yahoo.com
>Monday July 21 3:30 PM EDT
Reliability Incorporated Reports Second Quarter Revenue Up
34% and E.P.S. Up 152%
HOUSTON--(BUSINESS WIRE)--July 21, 1997--Reliability Inc. (NASDAQ:REAL) today announced net income of $2,323,000, or $.78 per share, for the second quarter ended June 30, 1997, on revenues of $12,609,000. <
UNBELIEVABLE, They stomped the earnings estimates, Over 100% upside earnings surprise. I don't understand why they anounced at 3:30 though, usually companies announce after the market closes. Get ready to make a lot of money in the next day or two. If they can earn $.78, that translates to $3.12 for the year. If you assume the PE of 15, it makes REAL a $45-$50 stock.
REAL is the kind of stock (only 1 analyst follows it) which can make a huge move on an earnings surprise. |
