Falling knife here I come!
At this point there probably isn't too much of a down side left. PTEK is near at 1x sales, less than 3x book, 25% growth rate for the year, and excluding special charges EPS of .50-.54 which probably gives PTEK a relatively low p/e. And we seem to have good support at $9.00
unanticipated costs and one-time charges totaling approximately $17.0 million on a pre-tax basis, or $0.22 per share, the company expects to report an after-tax loss for the quarter ending June 30, 1998, of between $0.07 and $0.11 per share. Excluding these charges, the after-tax earnings for the quarter are anticipated to be in the range of $0.09 to $0.13 per share.
Premiere anticipates that second-quarter revenues will be in the range of $120 million to $125 million, an increase of approximately 25 percent over the same period last year.
For the year, the company currently expects to report an after-tax loss per share, after special charges, of between $0.13 and $0.17, on total revenue of $490 million to $500 million, a 25 percent increase in revenue over 1997. Excluding these charges, after-tax earnings are
anticipated to be between $0.50 and $0.54 per share. |
