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: Susan Saline who wrote (8868)	5/1/1998 2:49:00 PM
From: Jenna	Read Replies (1) of 120523

ASTX..Announces Record Fiscal 1998 Third Quarter Earnings; Reports All-Time Record Quarterly Revenues and Earnings WOBURN, MASS. (April 28) BUSINESS WIRE -April 28, 1998--Applied Science and Technology, Inc. ("ASTeX") (Nasdaq: ASTX) today reported record financial results for the fiscal 1998 third quarter and nine months ended March 28, 1998. Total revenue for the third quarter of fiscal 1998 was an all-time record $23.5 million, an increase of 113% versus $11.0 million for the third quarter of fiscal 1997. Excluding the recently acquired ASTeX Sorbios and ASTeX CPI, which were not included in the comparable quarter of 1997, total revenue for the third quarter of fiscal 1998 was $18.0 million, an increase of 63% versus the prior year. Net earnings for the quarter grew to an all-time record $1.6 million, or $0.18 per share diluted, compared to net earnings of $390,000, or $0.06 per share diluted, in last year's comparable quarter.

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