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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: tom pope who wrote (7703)	4/15/1998 4:27:00 PM
From: Jenna	Read Replies (2) \| Respond to of 120523

VISX,HRZ,WERN,LGTO,LIN beating estimates today. VISX 58 cents vs 28 expected. earnings were 58 cents expected were 28.. looks like this one is going to go even higher. Hertz Reports Record First Quarter Earnings of $35.4 Million, Up 79.6%<HRZ.N> Hertz Reports Record First Quarter Earnings of $35.4 Million, Up 79.6% PARK RIDGE, N.J., April 15 /PRNewswire/ -- The Hertz Corporation (NYSE: HRZ), the world's largest car rental company and the largest industrial and construction equipment rental business in the U.S., reported record earnings of $35.4 million for the first quarter of 1998, up 79.6 percent from the $19.7 million reported for the same period last year. Earnings per share on a diluted basis were 33 cents per share for first quarter, 1998, up from 18 cents in the first quarter of the prior year. Hertz also achieved record first quarter revenues of $898.8 million, up 2.3 percent from the $878.4 million reported for the same period, 1997. Before the impact of changes in foreign exchange rates, the revenue increase would have been $37 million or 4.3 percent growth over the prior year. Domestic car rental operations reported revenues for the quarter up 3.0 percent to $601.1 million versus $583.4 in the same quarter last year. International car rental and leasing reported a 6.8 percent decline in revenues for the first quarter from $197.4 million in 1997 to $183.9 million in 1998. Before the impact of changes in foreign exchange rates and adjusted for the franchising of previously owned locations, revenue for the quarter would have been 5.2 percent higher than 1997. Hertz' worldwide industrial and construction equipment rental operations generated revenues of $106.6 million for the first quarter, 1998, up 18.0 percent from the $90.3 million in the first quarter last year.