Another "Gem" reports: (3 cents above)Labor Ready Reports Second Quarter Revenue Rose 84% and Earnings Up 143%; Completes 161 Dispatch Office Openings during First Half of Year
LBOR was in a downtrend for the last few days but was still above resistance and I put it on my general watch list as a definite candidate for BOTH a possible Technical reversal and a Fundamental (earnings play). It held up nicely today and ended the day up 1/4 Should be watched tomorrow.
PR Newswire - July 28, 1998 20:08
TACOMA, Wash., July 28 /PRNewswire/ -- Labor Ready, Inc. (Nasdaq: LBOR), the nation's leading provider of temporary manual labor, today reported that sales rose 84% to a record $143 million for the second quarter, ended July 3, 1998, from $77.6 million for the same quarter a year ago. Net income rose 143% to $3,349,000 from $1,378,000 for the same period in 1997. Diluted earnings per common share increased 140% to $0.12 from $0.05 for the same period a year ago.
Revenue for the first half, ended July 3, 1998, increased 84% to $237 million from $129 million for the same period a year ago. Net income rose 496% to $3,493,000 from $586,000 for the same period a year earlier. Diluted earnings per common share amounted to $0.12, an increase of 500% from $0.02 for the same period a year ago |
