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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Jerry Olson who wrote (54720)	8/5/1999 11:36:00 AM
From: kendall harmon	Respond to of 120523

TRADE--in ULTE 17 1/16, a positive surprise and good outlook going forward, good volume a DVD play Ultimate Electronic sees Q2 shr above view DENVER, Aug 5 (Reuters) - Ultimate Electronics Inc. said Thursday that comparable-store sales rose 20 percent for the second quarter and it expects to report earnings of at least $0.12 a share, which would surpass analysts' estimates. Total sales for the period were $85.9 million. ''The comparable-store sales increase was the highest in over four years. We expect to report second quarter earnings of at least $0.12 per diluted share, well ahead of the analyst estimates,'' said Ed McEntire, chief executive officer, in a statement. According to First Call, the consensus estimate for the company's second quarter earnings is $0.07 a share. It earned $0.01 a share a year earlier. The company said that all categories of products had higher-than-planned sales in the quarter; sales increases were strongest in large-format televisions, DVD, cellular phones and furniture.