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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: LastShadow who wrote (4255)	12/9/1997 7:29:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

(VTS) Record First Quarter Revenues and Earnings .95 vs 28 Zacks (85) 10 cent above.. Announces Record First Quarter Revenues and Earnings (In US$ millions, except earnings per share) Revenue $142.2 $ 76.4 Net Income 21.3 5.2 Earnings Per Share 0.95 0.28 "Our record first quarter results were due to a combination of high levels of activity within the Company's operating divisions, strong gross margins and higher levels of data sales, particularly in the deep water Gulf of Mexico," said Dave Robson, Chairman and CEO of the Company. "The higher operating levels and margins were supported by an active seismic industry in all of the Company's geographic markets as well as an increase in capacity resulting from an aggressive capital expenditure program during fiscal 1997. The higher data sales related to substantial funding commitments in the deep water Gulf of Mexico which were announced in August 1997." Company revenues increased 86% over the prior first quarter while net income grew by 313% over the same period of the previous year. I'm not sure this is enough to lift the Oil Sector tomorrow but it's a step in the right direction. Some to watch tomorrow: CDG, EVI, CXIPY, KEG