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Biotech / Medical : RXSD Rexall Sundown

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To: Adelantado who wrote (208)	12/16/1998 8:51:00 PM
From: Adelantado	Read Replies (1) of 327

Earnings news: "BOCA RATON, Fla., Dec. 16 /PRNewswire/ -- Rexall Sundown, Inc. (Nasdaq: RXSD) announced today results for its fiscal first quarter ended November 30, 1998. Net sales for the first quarter were $123.6 million, reflecting an increase of 12% over the $110.7 million reported in the first quarter of 1998. Net income of $11.8 million for the three months just ended declined $2.8 million, or 19%, compared to last year's pro forma first quarter. Diluted earnings per share for the first quarter were $0.16 compared to $0.20 reported in the first quarter last year, reflecting a 20% decline. " Market reacted with a 2.2% gain. I figure that the upswing is due to the realizaton that the expectations were worse than realized; in other words, the bark was worse than the bite. Joe

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