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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: TraderXx who wrote (63167)	9/24/1999 5:02:00 PM
From: kendall harmon	Respond to of 120523

NDC-more on this one: <<NEW YORK, Sept 24 (Reuters) - The shares for data processing firm National Data Corp. (NYSE:NDC - news) plummeted Friday, one day after the company reported first quarter results that were under Wall Street expectations. In early afternoon trading, its shares were trading at 24-7/16, down 28 percent, or 9-1/2 points -- the day's largest percentage loss on the New York Stock Exchange. The company reported earnings of 53 cents a share Thursday, just under the Wall Street consensus of 54 cents, as compiled by First Call/Thomson Group. Analysts also noted that the company's revenue from its health care information services were also below expectations. ''The market was disappointed with the lower than expected revenues and lower-than-expected earnings. They're a penny off the consensus,'' said Bernard Lirola, an analyst with Needham & Co. ''It's a little overdone. We're maintaining our buy rating and we're confident with earnings of $2.39 (a share for its fiscal 2000).'' First Call consensus for fiscal 2000 is $2.38 a share. Earlier Friday, JP Morgan cut its rating on National Data to a long-term buy from a buy, citing, ''continued weakness in the health care business.'' The company's revenues totaled $204 million in its first fiscal quarter, up 6.4 percent from last year's corresponding quarter. Its health information service accounted for $114.2 million of that, up 4.5 percent from last year's fiscal first quarter. Its electronic commerce business, generated $89.8 million, up 9 percent. ''In the past, the company talked about growth in the mid- teens on the health care side,'' Needham's Lirola said. ''On the e-commerce side, they said around 10 to 14 percent.''>>