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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 691.72

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Jan 16 4:00 PM EST

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To: James F. Hopkins who wrote (6457)	2/16/1999 8:32:00 PM
From: Monty Lenard	Read Replies (4) of 99985

Jim, being an accountant I sometimes look at numbers differently than others so I need someone to explain to me how this AMAT report is positive Applied Materials beats estimates By Janet Haney, CBS MarketWatch Last Update: 5:23 PM ET Feb 16, 1999 NewsWatch SANTA CLARA, Calif. (CBS.MW) -- Applied Materials stock may gain momentum Wednesday on news that the company beat Wall Street's first-quarter estimates. The Santa Clara, Calif.-based chip equipment maker (AMAT) said net income from ongoing operations for the period was $42.5 million, or 11 cents a share, compared with $197.8 million, or 52 cents a share, a year earlier. The median estimate from analysts surveyed by First Call was 6 cents a share. Revenue for the first-quarter was $742.5 million compared to $1.3 billion a year ago. What am I missing here?

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