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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (36680)4/27/1999 1:47:00 PM
From: Jenna  Read Replies (3) of 120523
 
MNC.. earnings play stock was up as beat the street by 7 cents. It pulled back just 3/4 point shy of 52 week high. Once it breaks through resistance should be a good play I still like it.
Monaco Coach Reports First Quarter Results; Revenues and Earnings Reach Record Levels

COBURG, Ore., April 27 /PRNewswire/ -- Monaco Coach Corporation (NYSE: MNC - news) today reported record revenue and earnings for its first quarter ended April 3, 1999. First quarter earnings per share were 77 cents, an increase of 133.3% from the same period last year, on revenue of $193.2 million. Net income for the first quarter rose 135.6% to $9.9 million. First quarter operating income was $17.3 million, an increase of 127.2% over the same period last year.

''The focus on our business plan, coupled with a healthy RV market, allowed us to continue the momentum our Company has experienced,'' stated Kay L. Toolson, Monaco Chairman and Chief Executive Officer. ''Response to our first model year 2000 motor homes has been tremendous and demand for our products remains high. At a recent Family Motor Coach Association retail show in Georgia, we set record sales for both our Company and the event.''

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