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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 (37063)	4/28/1999 5:23:00 PM
From: Jenna	Respond to of 120523

WAXS..RDA.. 6 cents above expectations trigger was called. WAXS -- intermediate hold beats by 1 cent on 536% revenue growth. techstocks.com World Access Reports $143.5 Million In First Quarter Sales Company Generates Approximately $15 Million of EBITDA; Pursuit of Strategic Growth Opportunities Continues ATLANTA, April 28 /PRNewswire/ -- World Access, Inc. (Nasdaq: WAXS - news) announced today that its first quarter 1999 sales from continuing operations were $143.5 million, a $120.1 million or 513% increase over the $23.4 million in sales during the comparable 1998 period. For the three months ended March 31, 1999, the Company realized net income from continuing operations of $2.1 million or $.06 per diluted share, versus a loss of $32.5 million or $(1.68) per diluted share, for the first three months of 1998. The first quarter of 1998 included special charges of $36.1 million or $(1.86) per diluted share, primarily related to in-process research and development costs written-off in connection with certain business acquisitions. Reader's Digest Announces Third Quarter Earnings Per Share Up 77 Percent Operating Profit Up 58 Percent PLEASANTVILLE, NY--(BUSINESS WIRE)--April 28, 1999--The Reader's Digest Association, Inc. (NYSE: RDA - news, RDB - news) today announced earnings of $0.23 per share for the fiscal 1999 third quarter ended March 31, 1999, up 77 percent from $0.13 per share a year ago. Operating profit of $34.3 million was up 58 percent from $21.7 million in the year-ago period. Revenues for the quarter were down 7 percent compared with the third quarter last year. ''Results for our base business were much better than we expected this quarter,'' said Thomas O. Ryder, Reader's Digest chairman and chief executive officer. ''Most of our major markets in Europe continued to be strong, especially Germany and the United Kingdom. In addition, United States operating profits increased 31 percent, driven by improvements in earnings of the company's magazines. Lower mail quantities have resulted in improved rates of customer response in most developed markets around the world. As we have pushed ahead with efforts to eliminate unprofitable mailing activities, revenues have come down and margins have improved.