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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 (9668)5/26/1998 2:22:00 PM
From: Judy  Read Replies (1) | Respond to of 120523
 
CS was a typo, I meant CA since I was talking about the software sector. I won't be going long until this market distribution is over, unless it is for long-term holds that go on a compelling fire sale. Later.



To: AlienTech who wrote (9668)5/26/1998 3:46:00 PM
From: Jenna  Read Replies (3) | Respond to of 120523
 
Holding AEOS but out of everything else this afternoon. Still bullish on CNJ*, JDEC but market sentiment is negative all around. HMSY looks nice as it's going to report. It was a hard day today and even good companies gave up 1/2 points grudgingly. I'm still optimistic that when this correction is over the first tier stocks in all sectors will rebound nicely.

*Cole National Income Increases 82%<CNJ.N>

Cole National Income Increases 82%
Earnings Per Share Up 48%


CLEVELAND, May 26 /PRNewswire/ -- Cole National Corporation (NYSE: CNJ), the leading vision care and personalization retailer, announced that first quarter income from continuing operations increased 82% to $6,112,000 and EPS rose 48% to $.40, from $.27 last year. In the first quarter last year, earnings per share, after a $.07 per share loss from discontinued operations were $.20. All earnings per share figures refer to diluted earnings per share.
Revenues for the quarter grew to $271,828,000, or 13.4% over last year.

The increase in revenue was primarily the result of additional optical retail locations, including those added in the acquisition of AVC/NuVision in August of 1997, an overall comparable store sales increase of 3.7%, and the growth of Managed Vision Care fees. The by-business comparable store sales increase for the quarter was 4.6% for Cole Vision, 1.7% for Pearle Vision and 4.6% for Things Remembered.