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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: manny t who wrote (36784)4/27/1999 5:02:00 PM
From: Jenna  Read Replies (1) of 120523
 
EBAY down after hours..Another earnings play reports: CBIZ, it didn't have anticipation so I'd watch it tomorrow morning and see what happens.

Century Business Services Reports 102 Percent Increase in First-Quarter Net Income on 88 Percent Increase in Revenue and Posts Record Profit Margins and Earnings Per Share
CLEVELAND, April 27 /PRNewswire/ -- Century Business Services, Inc. (Nasdaq: CBIZ - news; ''Century''), the nation's fastest emerging outsourced business services company, today announced strong growth in revenues and earnings for the 1999 first quarter. For the three months ended March 31, 1999, pro forma net income from continuing operations increased 102% to $14.4 million, or $0.18 per diluted share, from $7.1 million, or $0.11 per diluted share, for 1998's first quarter. This quarter marks Century's ninth consecutive quarter of rapid revenue and earnings growth since entering the professional outsourcing business services marketplace. Total revenue for the first quarter of 1999 increased 88% to $125.0 million from $66.6 million for the first quarter of 1998. Pre-tax margins from continuing operations increased by 220 basis points to 19.2% of revenue compared with 17% last year. Pro forma net profit margins from continuing operations increased to a record 11.5% versus 10.7% for the comparable prior-year period despite an increase in income tax expense to 40% for the quarter compared with 37% for last year's first quarter. EBITDA margin increased to 22.4% compared with 19.9% for the first quarter of 1998.
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