PCCC....KSWS....TMC K-Swiss Reports Two-Fold Increase In EPS For 1998; Posts Record Annual Revenues Future Order Backlog Increases 117%, (the reason this is important is that even if you are not in KSWS or PCCC they will no doubt enjoy analyst' attention, perhaps institutional interest will pick up, an upgrade or two might be on the agenda, and of course 'aftershocks' of a great report like "SDLI +5 today, AVID + 1, PEGS picking up another 2") That is the reason I like to put these stocks into longer term portfolios for maximum profit.
PCCC A "new" play beats the street. KSWS, our earnings plays has excellent report, and TMC
a 'new' Earnings Play stock that I began watching for earnings has just had a very nice report. Barring any unusual manipulation, this stock could enjoy some buying pressure tomorrow.
PC Connection, Inc. Reports Fourth Quarter and Year End Earnings
FOURTH QUARTER HIGHLIGHTS: 31.8% growth in net sales 18.5% increase in earnings per share Online Internet sales increased 205%
MERRIMACK, N.H.--(BUSINESS WIRE)--Feb. 8, 1999-- PC Connection, Inc. (NASDAQ:PCCC - news) today announced net income of $5.0 million, or $.32 per share, for the quarter ended December 31, 1998, compared to pro forma net income of $3.9 million, or $.27 per share, for the corresponding quarter a year ago, an increase of $.05 per share, or 18.5%. Net sales were $220.3 million for the fourth quarter of 1998, compared to $167.1 million for the corresponding quarter a year ago, an increase of $53.2 million, or 31.8%.
The Company reported pro forma net income of $15.3 million, or $.98 per share, for the year ended December 31, 1998, compared to pro forma net income of $10.9 million, or $.76 per share, for the corresponding period a year ago. Excluding a one-time charge for the acceleration of certain stock option compensation expense described below, the Company would have reported pro forma net income of $15.8 million, or $1.02 per share, for the year ended December 31, 1998, an increase of $.26 per share over the prior year period, or 34.2%. Net sales were $732.4 million for the year ended December 31, 1998, compared to $550.6 million for the corresponding prior year period, an increase of $181.8 million, or 33.0%.
Patricia Gallup, Chairman and Chief Executive Officer, said, ''1998 was a record-breaking year for PC Connection as we solidly increased our revenue and earnings per share, aggressively expanded our corporate sales and e-commerce operations, and completed a successful initial public offering. As a result of our growth, we needed to move to a larger headquarters, and did so in the fourth quarter. This move prepares us to meet the strong demand we see generated from our core business customers, from the Internet and from companies racing to become Y2K compliant.''
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K-Swiss Reports Two-Fold Increase In EPS For 1998; Posts Record Annual Revenues Future Order Backlog Increases 117%
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--Feb. 8, 1999--K-Swiss Inc. (Nasdaq/NM:KSWS) today announced results for the fourth quarter and year ended December 31, 1998.
Financial Highlights
Net earnings for the year ended December 31, 1998 increased 201% to $12,546,000 from net earnings of $4,173,000 in 1997. Net earnings per diluted share increased 214% to $2.20 in 1998 from $0.70 in 1997. Net earnings for the fourth quarter of 1998 increased 186% to $3,715,000 from net earnings of $1,299,000 in the prior-year period. Net earnings per diluted share increased 195% to $0.65 in the fourth quarter from $0.22 in the prior-year period. |
