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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 (35647)	4/22/1999 12:24:00 AM
From: Jenna	Read Replies (1) \| Respond to of 120523

NDN +3 1/8 +7.14% another one of Market Gems earning plays.. Reported yesterday _______________________ 99 Cents Only Stores Reports Earnings Per Share of $0.25 in the First Quarter Ended March 31, 1999, Versus $0.19 in 1998, an Increase of 29.1% CITY OF COMMERCE, Calif.--(BUSINESS WIRE)--April 20, 1999--99 Cents Only Stores® (NYSE:NDN - news) reported net income of $6.3 million for the quarter ended March 31, 1999, on net sales of $93.7 million, compared with net income of $4.5 million on net sales of $62.9 million in the first quarter of 1998. This represents a 38.7% increase in net income. Earnings per share was $0.25 in the first quarter of 1999 on 25.4 million weighted average number of common shares outstanding, compared with earnings per share of $0.19 in the first quarter of 1998 on 23.7 million weighted average number of common shares outstanding. This represents a 29.1% increase in earnings per share despite 1.7 million additional shares outstanding.