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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: AlienTech who wrote (9101)	5/6/1998 11:05:00 AM
From: Jenna	Respond to of 120523

Furniture Brands International Reports Record First Quarter Earnings <FBN.N> (4 cents above estimates) Furniture Brands International Reports Record First Quarter Earnings Per Share; $0.40 in 1998 vs. $0.27 in 1997 -- a 48% increase on 12% Sales Growth ST. LOUIS--(BUSINESS WIRE)--May 6, 1998--Furniture Brands International (NYSE:FBN) announced today record operating results for the first quarter ended March 31, 1998. This now represents nine consecutive quarters of record operating performance. Net sales for the first quarter were $505.3 million compared to $449.9 million reported last year, an increase of 12.3%. Net earnings and diluted net earnings per common share were $21.6 million and $0.40, respectively, an increase of 26.7% and 48.1%, respectively, over the results reported last year. The 1998 net earnings per common share were based upon 53.9 million diluted common shares outstanding versus 63.7 million for the same period last year.