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Non-Tech : Gulfstream Aerospace GAC -- Ignore unavailable to you. Want to Upgrade?

To: Steve Woas who wrote (63)	10/22/1997 1:59:00 AM
From: mike kennedy	Read Replies (1) \| Respond to of 197

Steve, A steal of a deal if there ever was one. Mike.

To: Steve Woas who wrote (63)	2/10/1998 11:59:00 AM
From: Carmine Cammarosano	Read Replies (1) \| Respond to of 197

SAVANNAH, Ga., Feb 10 (Reuters) - Gulfstream Aerospace Corp. (Nyse:GAC) on Tuesday reported record fourth-quarter profits that exceeded Wall Street estimates. The company predicted that earnings would continue to take off the next few years. Quarterly net income more than tripled to $44.4 million, from $14.4 million in the year ago period. Diluted, fully taxed earnings per share were $0.58, up from a comparable pro-forma per share of $0.11 in the 1996 quarter. Gulfstream became a taxpayer for financial reporting purposes in the 1997 quarter. The consensus Wall Street estimate for the fourth quarter was 56 cents, according to research firm First Call. The 40-year-old company, which designs and produces leading business jet aircraft, cited strong demand for its GIV and ultra long-range GV. Quarterly revenues also hit a record, gaining 68 percent to $540.9 million. Looking ahead, Gulfstream said it expected 1998 diluted earnings per share of approximately $2.85. The current consenus First Call estimate is $2.46.