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Non-Tech : Cendant Corporation (NYSE:CD) -- Ignore unavailable to you. Want to Upgrade?

To: zyx1996 who wrote (3521)	4/19/2000 11:50:00 AM
From: zyx1996	Respond to of 3627

Any one knows why street do not like the number? ZG

To: zyx1996 who wrote (3521)	4/21/2000 12:51:00 PM
From: Nicholas Varthas	Respond to of 3627

Cendant posts 24 percent jump in adjusted profits NEW YORK, April 18 (Reuters) - Real estate and travel franchising giant Cendant Corp. (NYSE:CD - news) posted a higher than expected 24 percent jump in first-quarter operating profits on Tuesday amid strong growth in its online operations. Cendant said it was comfortable with Wall Street's earnings targets for the year on the back of strong quarterly results. The company had net income, including unusual items, of $69 million, or 9 cents per share for the three month period compared with $362 million, or 43 cents per share, a year ago. I don't get it; how is 9 cents a 24% increase over 43 cents?