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Non-Tech : Charles Schwab (SCH) -- A tech-stock profile?
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To: Richard Forsythe who wrote (290)3/15/1999 9:09:00 AM
From: Richard Forsythe  Read Replies (1) of 1390
 
And what interesting reading it is:

SAN FRANCISCO, March 15 /PRNewswire/ -- The Charles Schwab Corporation SCH expects to report first quarter 1999 net income of $130 to $140 million, or $.31 to $.34 per share, on revenues of $910 to $940 million. Net income for the first quarter of 1998 was $68 million, or $.16 per share, on revenues of $604 million. President and Co-CEO David S. Pottruck said, "Recent trading volumes are propelling the Company to its best quarter ever in terms of revenues and profits. Customer trading activity to date in March is comparable to February's pace, and customer assets at Schwab have rebounded after dipping slightly in February."

Note that according to MSN, analysts currently expect .26 for the quarter, so this is a .5-.8c upside surprise! Wow!

Richard
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