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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: Jenna who wrote (5237)2/9/1998 4:17:00 PM
From: Darth Trader  Respond to of 120523
 
Jenna, what's your take on AMAT? I think they will meet or beat expected First Call of $.50 and have a positive CC. AMAT isn't known to miss earnings or have any downside suprises. Roy



To: Jenna who wrote (5237)2/9/1998 5:07:00 PM
From: TobaccoMan  Read Replies (1) | Respond to of 120523
 
Jenna, Have you ever followed APCC as an earnings play? They announced great numbers this pm, after a down day. Do you see a jump in store for tomorrow? TIA for any opinion and you continued tutelage.

Full Year Revenues Up 24 Percent; Net Income Up 32 Percent
Fourth Quarter Revenues Up 20 Percent; Net Income Up 24 Percent

WEST KINGSTON, R.I. Feb. 9 American Power Conversion Corporation Nasdaq: APCC) today announced record sales and earnings for the quarter and the year ended December 31, 1997. For the full year 1997, APC reported its tenth consecutive year of record revenues. Sales for the fourth quarter of 1997 were a record $251.7 million, up 20 percent from $210.1 million in the fourth quarter of 1996. Earnings for the fourth quarter of 1997 were a record $37.4 million ($.39 per share), up 24 percent versus $30.2 million ($.32 per share) in the fourth quarter of 1996. Sales for the twelve months ended December 31, 1997 were $873.4 million, up 24 percent from $706.9 million in 1996. Earnngs for the year were $121.8 million ($1.27 per share), up 32 percent versus $92.4 million ($.98 per share) in 1996.