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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 (55795)	8/13/1999 10:42:00 AM
From: kendall harmon	Respond to of 120523

NCOG positive outlook going forward FORT WASHINGTON, Pa., Aug. 12 (Reuters) - NCO Group Inc. (Nasdaq:NCOG - news), which collects accounts receivable for other companies, said Thursday that stronger-than-expected growth and a recent contract will improve earnings and revenue for the rest of 1999 and 2000. Compared to its original expectations, the company sees additional revenue of $9.0 million in the third quarter, $10.0 million in the fourth quarter and $25.0 million for 2000. The company said it expects this incremental revenue to produce additional diluted earnings per share of about $0.02 a share in the third quarter, $0.02 a share in the fourth quarter and $0.08 in the year 2000. The earnings per share amounts do not take into account the issuance of 3.3 million new shares under the company's planned $112 million purchase of Compass International Services Corp. (Nasdaq:CMPS - news). As previously announced on June 24, NCO began transitioning the servicing of 2.7 million delinquent accounts with an $11.8 billion face value which had previously been serviced by Commercial Financial Services Inc. NCO did not receive any revenue from the contract in the second quarter, when it earned $7.5 million, or $0.34 a share, on revenue of $110.7 million. Following the completion of the Compass acquisition, NCO Group will be the largest provider of accounts receivable collection services in the world. Its shares rose 13/16, to 38-7/8, in trading Thursday on the Nasdaq stock market before the announcement, which came after the close of U.S. trading.