PPD (Pre-paid Legal Services) on the move Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : PPD (Pre-paid Legal Services) on the move

PPD 47.28

0.0%

Dec 8 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Shane Miller who wrote (681)	2/11/1999 6:26:00 AM
From: bunglingbob	Read Replies (1) of 801

Although I thought it was a great report, "the street" apparently was not willing to acknowledge the earnings as 50 cents because 15 cents came from tax savings. Yahoo's research listed earnings as 35 cents which was 1 cent above estimates. I think the company missed the boat when they said earnings should be in line with estimates back on January 25th. They would have sparked a lot more interest if they had said that the quarter looked very good. Without the tax break though, it appears combined revenue would have grown by 4.6% instead of the 14% in the news release. Still that gain was achieved even though TPN sales decreased from $12 million to $4 million. Although tax breaks are included in most companies earnings report, I think greater real growth was what institutional investors wanted to see. The markets reaction to earnings never ceases to amaze me. While I was looking for a $2 to $3 gain, we lost over $2. Go figure. Bob

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next