Vivus, Why the Slide? Message Board

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Biotech / Medical : Vivus, Why the Slide?

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To: George Kirlin who wrote (3841)	9/24/1997 10:44:00 AM
From: Richard Singer	of 3991

George <<Richard, using your projections if you take out the $2 mil GB payment, you get an eps much in line with the .29 expections.>> If you take out the $2 million ,earnings get reduced by 0.056 per share. Earnings still come in at 33 or so by my calculations. These numbers are at 20% tax rate which the company has told us would be the case through the balance of 1997. If I calculate taxes at 34% and remove the progress payment I can get to 0.29. But Paine Webber is calling it 0.20 fully taxed, and I don't know how the others are calculating their numbers, but it's still big.

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