Sector Investor wrote on Sep 7 1997 4:50PM EST:
>This is why the $.02 is worthless for a projection. We don't
>know the details used in the calculations. If the revs come in
>at 20%, 30%, 50% (which may be closer for ASND) you get
>July break-even, Aug $.10, Sept $.30, which is still $.40 for
>the qtr.
I got hold of the 8-K that was issued on 11 August. Here is the
pertinent information:
> For the 31-day period ended July 31, 1997,
>Ascend Communications, Inc. a Delaware corporation, had
>consolidated net income of approximately $2.9 million
>and consolidated sales of approximately $62.8 million.
The number of shares wasn't listed. But it was listed in the 10-Q
report covering the previous quarter, ending July 31. The number of
shares outstanding was given as:
>The number of shares outstanding of the Registrant's Common
>Stock,$0.001 par value, was 188,864,493 as of July 31, 1997.
Now we make our earnings per share estimate:
$2.9 million / 188,864,493 EQUALS $0.0153
That's LESS than 2 cents a share! They rounded it UP
to 2 cents per share.
Yes, you CAN make an estimate. It's actually worse than what we
were told.
Regards,
Jacob Rosenberg |
