To: Jenna who wrote (24081 ) 2/2/1999 9:09:00 PM From: Jenna Read Replies (4) | Respond to of 120523
1)EWBX: shr results beat estimates, revs jump 2)BOBJY:Business Objects Reports Record Q4 1998 Results 3)CTV:CommScope Announces 83% Rise in Fourth Quarter Results; Operating Earnings of $0.22 Per Share; Revenues of $146 Million; Strong Domestic CATV Growth And Cost Reduction Drives Improvement 4)SHX: Shaw Industries Q4 profit vs. loss 5)MENT: Mentor Graphics Announces Record Fourth Quarter Revenues; Product Revenue Up 38% 6)TKLC: $0.16 street expected $0.19 #6 TKLC had a nice 2 point run yesterday but fizzled noticeably in today's trading session causing me to pull the sell trigger. This is usually but not always a red light to holding through earnings.. #2 bobjy had played out its good earnings report already days and weeks ago, surging over and over again until its was overbought Numb #5 MENT tried hard and succeeded in hanging onto positive territory. In a case like MENT prior knowledge of expected fundamentals should help in your decision to hold. #1 and #3 were classic cases of anticipatory upswing and how it should be played out before a report. For conservative traders they could have sold and locked in profits. For more aggressive traders could chance a hold through earnings. #4 was a stock with no appreciable change before the report. It's a shame they don't give any sign about their pending successful report. I think its because they are underfollowed by traders and analysts. I tried to pick up SHX on 3 occasions but it just did not display strong 'buy' signals. Revenues Up 43 Percent Over Prior Year Net Income Up 181 Percent SAN JOSE, Calif.--(BUSINESS WIRE)--Feb. 2, 1999--Business Objects (Nasdaq:BOBJY - news) today announced its results for the fourth quarter and year ended December 31, 1998, with revenue increases of 43 percent and 46 percent, respectively, over the comparable three and twelve-month periods in fiscal 1997. NEW YORK, Feb 2 (Reuters) - EarthWeb Inc.(Nasdaq:EWBX - news), which provides Internet-based online services to the information technology community, said Tuesday its fourth quarter operating results beat analysts' estimates and revenues rose 310 percent during the fourth quarter. The company, which was one of the hot initial public offerings of late 1998, said it lost $3.7 million from continuing operations, or 53 cents per share, compared to a loss of $1.61 million, or 52 cents per share, in the year-ago period. Analysts had expected it to post a loss of 58 cents a share, according to a survey by First Call Corp. EarthWeb went public in November at $14 per share and closed Tuesday at $50.75, up $3.25 on the day. Total revenue for the quarter rose to $1.43 million, up from $349,000 in the year-ago period. For the year, revenue jumped 195 percent to $3.35 million, EarthWeb said in a statement. For the year, the loss from continuing operations totaled $8.97 million versus $5.44 million in the year-ago period