Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Joe Copia who wrote (4734)	1/14/1998 8:57:00 AM
From: Jenna	Read Replies (3) of 120523

Another recommendation for KNT:Kent Electronics Reports Third Quarter and Nine Months Results Earnings Rise 46% in the Third Quarter Net Sales Increase 40% in Third Quarter HOUSTON--(BUSINESS WIRE)--Jan. 14, 1998-- Kent Electronics Corporation (NYSE:KNT - news) today reported net sales and earnings for the third quarter and nine months ended December 27, 1997. Net sales for the third quarter of fiscal 1998 increased 40% to $177.4 million from $126.4 million in the third quarter of fiscal 1997. Net earnings grew to $10.1 million, a 46% improvement over the $6.9 million of net earnings reported in last year's third quarter. Earnings per share increased to $.36, compared to $.25 for the comparable quarter last year. Per share amounts were based on 28.4 million weighted average shares in the period compared to 27.5 million weighted average shares in the year-ago quarter. These results are consistent with previous news releases issued by the Company.

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