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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 (15569)9/25/1998 10:11:00 AM
From: Jenna  Respond to of 120523
 
ADLT.. Up...NEW YORK, Sept 25 (Reuters) - Prudential Securities raised its rating on the stock of Advanced Lighting Technologies Inc. to a strong buy from accumulate, a source at the securities company said Friday.

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Advanced Lighting Technologies, Inc. Posts Records in Sales and Income from Operations for Fourth Quarter and Fiscal Year
CLEVELAND, Sept. 24 /PRNewswire/ -- Advanced Lighting Technologies, Inc. (Nasdaq: ADLT - news) today announced results for the fourth quarter and year ended June 30, 1998.

Sales for the fourth quarter ended June 30, 1998 increased 109% to $53,002,000 from $25,400,000 in the comparable period last year. Income from operations increased 108% to $7,474,000 from $3,596,000 a year earlier. These increases represent the twentieth consecutive record for quarterly sales and income from operations (excluding nonrecurring items).