Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MACD has been good to me....How about You? -- Ignore unavailable to you. Want to Upgrade?

To: Vendit™ who wrote (423)	11/12/1998 11:28:00 PM
From: AugustWest	Read Replies (1) \| Respond to of 1109

why the sudden drop? Just looking at the chart, looks good. BTW, here's the link askresearch.com edit:I don't get it, they announce great earnings, and the stock tanks? DALLAS--(BUSINESS WIRE)--Oct. 28, 1998--Daisytek International Corporation (Nasdaq:DZTK - news) -- the world's leading wholesale distributor of consumable computer and office automation supplies -- today reported record net sales and net income for the second quarter period ended September 30, 1998. ''We are very pleased with our performance this past quarter,'' said Mark C. Layton, president, chief executive officer and chief operating officer. ''This marks Daisytek's 22nd consecutive quarter of record performance compared to year-ago quarters.'' Net sales for the second quarter of FY99, increased 22.6 percent to $220.2 million compared to previously reported revenues of $179.6 million for the second quarter of FY98. Second quarter FY 99's operating income, excluding acquisition integration costs for The Tape Company, Inc., was $9.5 million, or 4.3 percent of net sales, compared to $6.8 million, or 3.8 percent of net sales, previously reported for the second quarter of FY 98. Net income for the second quarter of FY99 was $5.2 million, up 35.3 percent over FY98's previously reported second quarter net income of $3.9 million. Diluted earnings per share for the second quarter of FY99 were $0.30 per share on 17.7 million shares, versus FY 98's as reported second quarter of $0.27 per share on 14.4 million shares.