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I know most earnings notes start out saying company xyz reported earnings per share (eps) of $x.xx blah, blah, blah. The only thing I’d point out about Keystone’s $9.5 million of earned income ($0.57 per share) in the quarter, is that $200,000 of it (a little more than a penny a share) resulted from a favorable tax benefit (as the company adjusts down to a lower than originally expected rate for fiscal 2007.) But when you consider Keystone’s earnings were more than a couple million (roughly 30%) higher than what they earned last year in the third fiscal quarter, what’s a couple hundred thou? And, in all fairness, I certainly didn’t expect such a strong
... To view the entire article: Related Companies: Advance Auto Parts Group 1 Automotive Keystone Auto Parts Sonic Automotive
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