MAST is a typical (or actually not so typical) growth and value stock, one of a rarer breed. with a growth going foward at 34% a year and a 'real' value of $37.. looks like it might not be undervalued much longer. Resistance is at 26 1/4 and then after it's the 52 week high of 30 3/4
Mastech Reports 57% Revenue Growth and 75%
Earnings Per Share Growth For the Fourth Quarter 1998
PITTSBURGH, Feb. 8 /PRNewswire/ -- Mastech Corporation (Nasdaq: MAST - news), a global, full-service provider of
high-value information technology services, today announced record revenues and net income for the quarter ended December
31, 1998, as well as for the full year 1998.
Revenues for the fourth quarter of 1998 were a record $113.3 million, a 57% increase over revenues of $72.0 million for the
same period in 1997. Net income for the fourth quarter of 1998 was a record $10.5 million, or $.21 per diluted share, which
represents a per diluted share increase of 75%, compared to net income of $5.5 million or $.12 per diluted share for the same
period a year ago.
Revenues for the twelve months ended December 31, 1998 were a record $390.9 million, a 63% increase over revenues of
$240.4 million for the same period in 1997. Excluding one-time merger-related expenses, net income for the twelve months of
1998 was a record $36.6 million or $.73 per diluted share which represents a per diluted share increase of 109% compared to
net income of $16.1 million or $.35 per diluted share for the same period a year ago. After one-time merger related expenses,
net income increased to $33.4 million or $.67 per diluted share, which represents a 91% increase over last year. |
