Summit Technology (BEAM) Message Board

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Biotech / Medical : Summit Technology (BEAM)

BEAM 21.74

+0.4%

Nov 14 9:30 AM EST

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To: James Strauss who wrote (917)	6/30/1998 10:04:00 PM
From: Louis Cristiano	Read Replies (1) of 1386

The following is posted on another board, any real substance to it? Well... Let's see...the company hardly makes any money!! It has lost money and broken even in 2 of the last 5 quarters. Missed estimates 3 quarters ago and only earned a penny in 2 of the last 5 quarters. It is projected to earn a quarter in FY 99 (which ends in December 1999), whereas... VISX has INCREDIBLE earnings. Beaten estimates by an AVERAGE of 60% the last 5 quarters...that means, even with analysts upping earnings everytime VISX beats their estimates, VISX still comes out and tears apart estimates. VISX is estimated to earn $2.35 in December 99 (FY 99)...and this is only a 24% growth rate from the 1998 estimates...seeing how solidly VISX beats estimates, I do expect this number to be upwardly revised after the next earnings report. Hope that clears things up.

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