BEAV beats the street est. $0.59 actual $0.89..FLEX, EPAY, VERT, ABOV, VRSN,FRTE,BVSN, DRIV and PCLE.. too many beat to post the results please check in yhoo financial site or PR Newswire, Briefing.com, or market watch.. Looks to be many possible plays for tomorrow, others of course will gap up and probably one or two surprises to be sure.
B/E Aerospace Reports Record Revenues and Operating Earnings Before Special Charges and Transaction Gains for Its Fourth Quarter and Fiscal Year Ended February 27, 1999
WELLINGTON, Fla.--(BUSINESS WIRE)--April 22, 1999-\226B/E Aerospace, Inc. (Nasdaq-NMS: BEAV - news) today announced record revenues and earnings from operations (before special charges described below) for its fiscal 1999 fourth quarter and for the full year ended February 27, 1999. Net sales for the fiscal 1999 fourth quarter were an all-time record for any quarter in the Company's history reaching $209,231,000, up 67 percent versus fiscal 1998 fourth quarter sales of $125,312,000. Fourth quarter gross profit of $79,185,000 (before special charges described below) was 37.8% of sales and was up 68 percent from the fiscal 1998 fourth quarter level of $47,043,000 (37.5% of sales). For the 1999 fourth quarter, B/E reported record operating earnings of $32,412,000 (before special charges and transaction gains described below), an increase of 83 percent over the prior year. These record operating results, combined with a $3,528,000 tax benefit during the fourth quarter, generated earnings and earnings per share (diluted) of $22,060,000, or $.89 for the period, an increase of 120 percent and 107 percent, respectively, over the prior year's results of $10,030,000 and $.43 per share (diluted) |
