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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: kendall harmon who wrote (29530)	3/25/1999 5:05:00 PM
From: Jenna	Respond to of 120523

DRI and CHTT both reported earnings after the close.. DRI beat by 4 cents. DRI.. and here we come to the close of yet another earnings week.. Darden Reports 35% Increase In Third Quarter Earnings Per Share Driven By Strong Comparable Restaurant Sales Increases ORLANDO, Fla., March 25 /PRNewswire/ -- Darden Restaurants (NYSE: DRI - news) reported that, driven by strong third quarter comparable-restaurant sales at Olive Garden and Red Lobster, diluted earnings per share increased 35% to 27 cents on earnings after tax of $38.4 million. While the company's sales were negatively impacted by unfavorable weather compared to the same period last year, this was partially offset by the benefit of a positive shift versus prior year in the Thanksgiving holiday (during which Darden's restaurants are closed). ''I am thrilled with our company's performance this quarter,'' said Joe R (ed. comment so am I...;-) ******************************* CHTT Chattem Reports Increases of 80% in Sales and 487% in Earnings for the First Quarter of 1999 CHATTANOOGA, Tenn.--(BUSINESS WIRE)--March 25, 1999--Chattem Inc. (NASDAQ: CHTT - news), a leading marketer and manufacturer of branded consumer products, announced today that for the quarter ended February 28, 1999, net sales increased 80%, operating income 194% and earnings per share before extraordinary item 487% over the prior year period, all record first quarter results. Net sales for the quarter increased $27.8 million to $62.7 million from $34.9 million in the corresponding period of 1998. Net income before extraordinary item for the first quarter of 1999 was $3.6 million or $0.35** per share as compared to $609,000 or $0.06 per share for the first quarter of 1998. The increase in earnings per share was achieved despite a 7% increase in the average number of shares outstanding from 1998 to 1999. During the first quarter, the Company experienced an extraordinary loss net of taxes of $427,000, or $.04 per share, on the early extinguishment of debt related to the financing of the acquisition of the Thompson Medical Company brands. Included in the Company's income statement are substantial non