GTE Message Board - Msg: 4053844

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.

Technology Stocks : GTE

GTE 3.870

+9.9%

Nov 4 3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Phil Forbes who wrote (541)	4/14/1998 9:19:00 AM
From: Wally Mastroly	Read Replies (1) of 671

GTE earning release - excellent (except for charge:) During the quarter, consolidated revenues and sales increased to $5.88 billion, compared to $5.28 billion in the first quarter of 1997. Earnings per share from core operations increased during the quarter to 76 cents on net income of $733 million, as compared to 69 cents per share or $665 million reported for the same period last year. Including the effects of the previously announced after-tax, non-recurring charges of $802 million (83 cents per share) and GTE's data initiatives (11 cents per share), a consolidated net loss of $178 million or 18 cents per share was reported. marketwatch.newsalert.com Analysts consensus was EPS=+ $.67 Operating EPS=+ $.76 Charge =- $.83 Charge =- $.11 --------- Net EPS =- $.18

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next