Earnings Plays beat estimates: KIM by 1, STRX by 1, RCMT beat by 2..
Kimco raises quarterly dividend also was up 1 point today on anticipation. RCMT prereports by a day 2 cents above estimates.. Might see some action in these three tomorrow.
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RCM Technologies, Inc. Announces Record First Quarter Operating Results
PENNSAUKEN, N.J., March 1 /PRNewswire/ -- RCM Technologies, Inc. (Nasdaq: RCMT) today announced record first quarter financial results for the quarter ending January 31, 1999.
For the quarter ending January 31, 1999, the Company reported revenues of $67.4 million and net income of $3.3 million ($.30 per share diluted) as compared to revenues of $37.2 million and net income of $1.8 million ($.22 per share diluted) for the same quarter in 1998.
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reports Kimco Reports 4th-Quarter Per-Share FFO Rises 20.9% to 81 Cents; Company Posts Record Full-Year Operating Results;
Raises Quarterly Dividend 3 Cents a Share to 60 Cents; Reaches Preliminary Agreement with Institutional Investor for Income REIT
NEW HYDE PARK, N.Y., March 1 /PRNewswire/ -- Kimco Realty Corp. (NYSE: KIM) today announced that funds from operations (FFO), a widely accepted measure of REIT performance, for the fourth quarter of 1998 rose 75.5 percent to $48.0 million, from $27.4 million for the same period last year. On a diluted per-common share basis, fourth-quarter FFO increased 20.9 percent to $0.81, from $0.67 a year ago.
Net income for the fourth quarter ended December 31,1998, rose to $38.0 million, or $0.52 per diluted common share, from $23.5 million, or $0.46 per diluted common share, a year earlier. Revenues from rental property in the quarter increased to $108.3 million, from $57.6 million in the comparable 1997 quarter.
For the full year, FFO rose 56.5 percent to $153.7 million, from $98.2 million in 1997. On a diluted per-common share basis, full-year FFO rose 17.0 percent to $3.03 from $2.59 a year earlier. Net income rose to $122.3 million, including a $4.9 million extraordinary charge related to the prepayment of certain mortgage loans, from $85.8 million for 1997. On a diluted per-common share basis, net income for the full year was $1.93, including the extraordinary charge of $.09, compared with $1.78 in 1997. The 1998 net income figures include a gain on the sale of a property of $0.9 million, or $0.02 per diluted common share, and $0.2 million, or $0.01 per diluted common share, in 1997. These gains on sales and the extraordinary charge have not been included in reported FFO for their respective periods. |
