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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Proud_Infidel who wrote (46813)	5/16/2001 9:13:00 AM
From: Jerome	Respond to of 70976

Brian, Your worst fear is about to be realized...... No Tech beats high tech. Check the following for puffed up earnings.... 6:32am 05/16/01 Krispy Kreme beats Q1, ups 2002 ests. (KREM) By Tomi Kilgore Krispy Kreme Doughnuts (KREM) reported fiscal first quarter earnings of $5.7 million, or 20 cents a share, compared with income of $3 million, or 13 cents a share in the year-earlier period. Analysts polled by First Call/Thomson Financial expected EPS of 17 cents. Total company revenue rose 24 percent over last year to $87.9 million. "It has been another great quarter for Krispy Kreme," said Scott Livengood, Krispy Kreme's chairman and chief executive. "Every business segment set new performance records." Also, the company raised its EPS forecast for fiscal 2002 to 77 cents from current expectations of 70 cents. For 2003, the company now anticipates EPS of $1, while analysts had been expecting 87 cents. The stock closed Tuesday up 46 cents at $49.40. This is going to make us all cringe or at least go back for seconds...:) Jerome <