ANLY- solving the year 2000 problem Message Board

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Technology Stocks : ANLY- solving the year 2000 problem

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To: Susan Saline who wrote (40)	10/13/1998 12:58:00 PM
From: timroy	of 51

Analysts International Corp.'s shares tumbled 40 percent Tuesday afternoon after the company reported fiscal first-quarter earnings that were short of expectations. The software services provider (ANLY) said its earnings were $6.13 million, or 27 cents per share. Analysts surveyed by First Call projected earnings of 30 cents per share for the first quarter. Shares fell 9 17/32 to 14 in afternoon trading. Although lower than expected, the Minneapolis-based Analysts International's earnings increased 14 percent from $5.38 million, or 24 cents per share, a year ago. The company also reported revenue of $158.5 million compared to $135.2 million in the year-ago period. "The quarter fell short of expectations due in part to a merger involving one of our clients," said Frederick W. Lang, chairman and CEO. As a result, the client cancelled a project, which also led to the unexpected release of 140 employees, Lang said. See press release.

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