EAII-Engineering Animation Message Board

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Technology Stocks : EAII-Engineering Animation

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To: Twizlre who wrote (37)	2/20/1998 4:41:00 PM
From: Steve	Read Replies (1) of 98

EAII followers, There is a real issue at hand here concerning the earnings released and the stock movement. They beat estimates before the acquisition charges, by 12%, yet stock getting hit due to misinterpretation of the after split effect on EPS. Has anyone figured out the relationship to the recent 3:2 split announcement and the earnings?? Cowen came out yesterday and said the only reason stock went down was due to folks not realizing the EPS were figured on the newly 3:2 post split shares for Feb 27th. So the EPS "appeared" like a shortfall. That was Thursday. Today, the stock dropped 1 7/8 more. From Zacks................... EPS SURPRISES: EAII: EPS Surprise of 11.54 % reported on 02/19/98. Actual primary EPS from continuing operations before all non recurring items was 0.29 for quarter ending 12/97. The consensus estimate for the quarter was 0.26. What gives here? Please refer to these 2 releases : Article #1................http://biz.yahoo.com/prnews/980219/ia_eai_ear_1.html Article #2.................http://biz.yahoo.com/snp/980220/eaii_dtp_a_1.html

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