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Non-Tech : Action Performance....ACTN

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To: CMS27 who wrote (74)7/31/1998 12:44:00 PM
From: Tokyo VD  Read Replies (1) of 278
 
Scott,

Last year's number was $0.30 in the same quarter, not $0.08. I had alot of difficulty arriving at the $0.50 number when I divided the net income reported in the press release ($8,548,000) by the fully diluted share count reported (18,766,000).

My calculator shows $8,548,000/18,744,000= $0.455 in EPS (rounded to $0.46). Someone else said the estimate was $0.49. That means they missed the EPS by more than $0.03.

My question is why isn't the stock down more after such a big miss? (Because management seems to have done the math for Wall Street and screwed up).

Tokyo
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