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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (15254)9/22/1998 8:08:00 AM
From: Jenna  Read Replies (1) of 120523
 
ABLE TELCOM Q3 NET SHR $0.07 VS $0.06

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Sept. 22, 1998--Able Telcom Holding Corp.(NASDAQ:ABTE) today released operating results for the nine months and quarter ended July 31, 1998.

Revenues increased 87.2 percent to $114.5 million for the nine months ending July 31, 1998 from $61.2 million for the same period in 1997. Revenues for the quarter ended July 31, 1998 increased 162.5
percent to $57.7 million in 1998, from $21.9 million in the prior year.

Income from operations for the nine months ended July 31, 1998 increased by 96.5 percent to $7.7 million or, on a diluted basis, $.74 per share compared to $3.9 million or $.46 per share during the sameperiod in 1997. For the quarter ended July 31, 1998, income from operations increased $3.7 million from $1.0 million or, on a diluted basis of $.12 per share to $4.8 million or $.41 per share.
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