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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 (15539)	9/24/1998 4:46:00 PM
From: Jenna	Respond to of 120523

Earnings Plays: DRI beats estimates and VANS beats also. Darden Reports 50% Growth In First Quarter Earnings Per Share Driven By Double-Digit Comparable Restaurant Sales Increases ORLANDO, Fla., Sept. 24 /PRNewswire/ -- Double-digit comparable restaurant sales increases at both Red Lobster and Olive Garden led to strong first quarter results at Darden Restaurants, Inc. (NYSE: DRI - news) The Company today reported earnings after tax of $35.2 million for the quarter or 24 cents per diluted share, an increase of 50% in earnings per share over last year. ******************************************************************** Vans, Inc. Reports Record First Quarter Sales and Earnings --Sales Increase 21%, Earnings Per Share Rise 21%-- SANTA FE SPRINGS, Calif.--(BUSINESS WIRE)--Sept. 24, 1998-- Vans, Inc. (Nasdaq: VANS - news) today announced record financial results for the first fiscal quarter ended August 29, 1998. Net sales for the quarter increased 21.4% to $65.5 million, compared to $54.0 million for the first quarter of fiscal 1998. Net income rose to $4.7 million, versus net income of $4.0 million in the same period last year, and diluted earnings per share increased to $0.35 versus diluted earnings per share of $0.29 in the first quarter of fiscal 1998.