Market Gems:Stocks w/Strong Earnings and High Tech. Rank Message Board

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.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Jenna who wrote (11804)	7/21/1998 9:15:00 AM
From: Jeff Jordan	Read Replies (2) of 120523

GLBL Jenna how about this one? LAFAYETTE, La.--(BUSINESS WIRE)--June 26, 1998--Global Industries, Ltd. (NASDAQ:GLBL) said today that it is not aware of any reason related to the Company or its expectations for the recent decline in its stock price and that it continues to be optimistic about fiscal 1999. Mr. William J. Dore, Chairman of the Board and President said, "Although there has recently been softness in oil prices, we have not changed our expectations about our results for the current fiscal year. Our backlog of work at May 31, 1998 was approximately $175.9 million compared to $51.9 million at the same time in the previous year. Based on the preliminary information, we expect to meet analysts' estimates of net income for the first quarter which ends on June 30, 1998. Moreover, we are now coming into the period from July through December which has been traditionally the strongest part of our year, largely because of the seasonality of work in the Gulf of Mexico."

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next