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Incyte Corporation Message Board

  • PeterMidas PeterMidas Apr 9, 1998 9:21 AM Flag

    earnings - a disaster?

    The street expected 15 cents per share, they just made
    12 cents - 3 cents (!!!) less than expected. Will this
    cause a big crash of the stock price - or is it not so important
    because of the sharp rise of revenue? What do you think is
    more important for the analysts - the earnings right now or
    the future prospects of the company. I'm long and I'll keep
    this stock no matter what will happen. Nevertheless I'm very
    concerned and surprised that nobody posts. Come on fellow
    shareholders, let's talk about these numbers!

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    • ...today announced that, excluding a charge of $1.1 million after tax, related to the acquisition of Synteni, Inc., Incyte's net income was $4.6 million or $0.16 per share for the quarter ended March 31, 1998. Reported results including the charge were net income of $3.6 million or $0.12 per share for the quarter ended March 31, 1998, compared to $0.5 million or $0.02 per share for the same period in 1997.

      Was the 15 cent expectation with or without the charge ?

      Anyhow, the stock seems stable

 
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