Trend Setters and Range Riders Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Trend Setters and Range Riders

MSFT 430.29

-0.7%

Jan 30 9:30 AM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Stock Watcher who wrote (23963)	1/8/2003 9:22:39 AM
From: Stock Watcher	Read Replies (2) of 26752

*MIMS, 2003 pretax earnings to grow 7% to 16% above estimated 2002 figures. The company said its 2003 earnings per share will reflect a fully normalized tax rate of 40%. Its previously reported 2002 operating earnings guidance of 74 cents to 79 cents a share reflects a 20% tax rate, after the use of tax-loss carry-forwards. In a press release Wednesday, the company said it expects 2003 total revenue to be about 13% to 16% above 2002. Gross margins are projected at about 11% to 12% and the company's selling, general and administrative expense ratio is expected to be about 7.5% to 8% of revenue, both consistent with 2002 levels. The pharmaceutical healthcare provider said it has a "strong" balance sheet and is "well-positioned to deliver growth and shareholder value." Five analysts surveyed by Thomson First Call yielded consensus earnings-per- share estimates for MIM of 76 cents for 2002 and 79 cents for 2003. In October, the company reduced its 2002 operating earnings guidance to a range of 74 cents to 79 cents a share from previous guidance of 90 cents.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next