RINO might be good for some more. Another case of anticipatory upswing here. PZZA as well and TLTN (up 7% today on anticipation)
Teltrend Reports Second Quarter Results
ST. CHARLES, Ill.--(BUSINESS WIRE)--Feb. 23, 1999--Teltrend Inc. (Nasdaq: TLTN - news) today announced results for its second quarter ended January 30, 1999. Sales were $24.4 million, up 7% from last year's second quarter. Net income for the quarter was $1.1 million, or $0.18 per diluted share, compared to net income of $0.9 million, or $0.13 per diluted share in last year's second quarter.
PZZA: Papa John's Reports Record Earnings and Revenues for Fourth
Quarter and Full-Year 1998
LOUISVILLE, Ky.--(BUSINESS WIRE)--Feb. 23, 1999--
Highlights
-- Fourth Quarter Earnings per Share of $.35 vs. $.27 in 1997 (30% Growth)
-- Full-Year Earnings per Share of $1.25 ($1.16 after Cumulative Effect of a Change in Accounting
Principle) vs. $.91 in 1997 (37% Growth)
-- Fourth Quarter Comparable Sales Increases of 9.9% (7.6% Corporate and 10.9% Franchise)
-- Full-Year Comparable Sales Increases of 9.8% (8.6% Corporate and 10.3% Franchise)
-- Record Restaurant Openings for a Quarter (106) and Full-Year (372)
Papa John's International, Inc. (NASDAQ: PZZA) announced record revenues of $188.2 million and net
income of $10.7 million for the fourth quarter of 1998, representing increases of 30% and 34%,
respectively, over revenues of $144.7 million and net income of $8.0 million for the same period in 1997.
Diluted earnings per share increased to $.35 for the fourth quarter from $.27 for the comparable period in
1997, a 30% increase. Record revenues of $669.8 million were achieved for the year ended December 27,
1998, a 32% increase over 1997 revenues of $508.8 million. Net income and diluted earnings per share for
fiscal 1998 were $37.8 million and $1.25, respectively, before cumulative effect of a change in accounting
principle, representing increases of 41% and 37%, respectively, over net income of $26.9 million and
diluted earnings per share of $.91 for fiscal 1997.
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RINO
Blue Rhino Posts Record Sales and Earnings For Second Quarter, First
Half Of FY 1999
Strong Sales Growth Drives Operating Margin Improvements; Location Expansion Continues
Highlights:
-- Revenues of $8.7 million more than double Q2 FY '98
-- Operating leverage improves significantly for quarter and
first half
-- Net income of $68,000 vs. loss of $1.2 million in FY '98 period
-- Diluted EPS $0.01 compared with loss of $0.83
-- Pro forma fully tax-effected EPS $0.01 vs. loss of $0.23
-- Retail location base expands to over 13,600 from 6,600 for
Q2 FY '98 and from 12,000 at Q1 FY '99 |
