why the sudden drop? Just looking at the chart, looks good.
BTW, here's the link
askresearch.com
edit:I don't get it, they announce great earnings, and the stock tanks?
DALLAS--(BUSINESS WIRE)--Oct. 28, 1998--Daisytek International Corporation (Nasdaq:DZTK - news) -- the world's leading wholesale distributor of consumable computer and office automation supplies -- today reported record net sales and net income for the second quarter period ended September 30, 1998.
''We are very pleased with our performance this past quarter,'' said Mark C. Layton, president, chief executive officer and chief operating officer. ''This marks Daisytek's 22nd consecutive quarter of record performance compared to year-ago quarters.''
Net sales for the second quarter of FY99, increased 22.6 percent to $220.2 million compared to previously reported revenues of $179.6 million for the second quarter of FY98. Second quarter FY 99's operating income, excluding acquisition integration costs for The Tape Company, Inc., was $9.5 million, or 4.3 percent of net sales, compared to $6.8 million, or 3.8 percent of net sales, previously reported for the second quarter of FY 98. Net income for the second quarter of FY99 was $5.2 million, up 35.3 percent over FY98's previously reported second quarter net income of $3.9 million. Diluted earnings per share for the second quarter of FY99 were $0.30 per share on 17.7 million shares, versus FY 98's as reported second quarter of $0.27 per share on 14.4 million shares. |
