ABTX and SLE two more of our earnings plays did well today: One thing about volatile markets the earnings plays don't tend to gap up as much as they used to, enabling us to 'get on them' even after they report. Some of the 'losers' gave back good gains after they reported (WFMI)
NEW YORK, Aug. 6 /PRNewswire/ -- Applied Graphics Technologies, Inc.
(Nasdaq: AGTX) announced today that it expects to report earnings per
share of approximately $0.30 per share, before a restructuring charge
related to the Company's acquisition of Devon. The earnings before the
restructuring charge represent an increase of approximately 43 percent
over earnings of $0.21 per share in the second quarter of 1997. The
Company plans to release its second quarter results on Wednesday,
August 12.
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CHICAGO, Aug 6 (Reuters) - Sara Lee Corp. (SLE - news), which makes a variety of consumer products, said Thursday its fiscal fourth-quarter profits rose 8.6 percent, powered by strong volume growth in its food divisions.
Sara Lee, the maker of Ball Park hot dogs, Hanes and Champion clothing, Sara Lee pastries and other products, earned $301 million, or 62 cents a diluted share, in the three months ended June 27. That was up from last year's profit of $274 million, or 55 cents a diluted share, but a penny shy of Wall Street expectations, according to research firm First Call.
The company's stock lost $2 to $50.06 in afternoon trading on the New York Stock Exchange.
The Chicago-based company said sales in the quarter rose 3.5 percent to $5.10 billion from $4.93 billion a year ago. Cash flow from operations reached a record $1.9 billion for the full fiscal year. |
