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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank

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To: Northern Cougar who wrote (19111)11/25/1998 7:21:00 AM
From: Jenna  Read Replies (6) of 120523
 
charts of NM, NN marketgems.com and I think INTU still looks good, might have to wait for a little more pullback. You might want to check out MIKE today.

11/24/98 - MICHAELS REPORTS THIRD QUARTER EARNINGS UP 64%


IRVING, Texas, Nov. 24 /PRNewswire/ -- Michaels Stores, Inc. (Nasdaq: MIKE) today reported net income for the third quarter of 1998 of $7.3 million, up 64% over last year's $4.4 million, and diluted earnings per share of $0.24, versus the prior year's $0.15. Total sales for the third quarter increased by $32.7 million to $382.8 million from $350.1 million the prior year with a same-store sales increase of 1%.

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