FAT CATS

[CheezyTang]

GEMS misses estimate...UBET beats by a penny.

GEMS~~~>scottrade lists this as a miss...i am trying to find the analyst estimate....

http://biz.yahoo.com/prnews/070508/nytu170.html?.v=79

Summary of First Quarter 2007

For the first quarter of 2007, the Company reported revenue of $84.0 million compared to $70.1 million for the first quarter of 2006. The increase was primarily attributed to revenues from our UK operations acquired in July 2006.

The Company had an EBITDA loss of $1.2 million in the first quarter of 2007, as compared to positive EBITDA of $1.4 million in the first quarter of 2006. The first quarter of 2007 included SG&A charges related to our stock option investigation and on-going options litigation. EBITDA is a non-GAAP financial measure. A reconciliation between EBITDA and the most directly comparable GAAP financial measure is provided following the Consolidated Financial Statements included in this release. The reconciliation also includes a description of how the Company calculates EBITDA.

The Company reported net losses from continuing operations of $6.7 million for the first quarter of 2007, or $0.10 per diluted share, which compares to a loss of $3.8 million, or $0.06 per diluted share, for the first quarter of 2006.

UBET~~~>

http://biz.yahoo.com/ap/070508/earns_youbet_com.html?.v=1

Youbet.com 1Q Profit Rises 17 Percent
Tuesday May 8, 5:17 pm ET
Youbet.com 1st-Quarter Earnings Rise 17 Percent


WOODLAND HILLS, Calif. (AP) -- Youbet.com, operator of an online horse-racing gambling service, said Tuesday first-quarter earnings rose 17 percent, boosted by betting revenue and commissions from acquisitions.
Net income rose to $1.6 million, or 4 cents per share, from $1.4 million, or 4 cents per share, in the year-ago period.

Analysts, on average, expected profit of 3 cents per share on revenue of $34 million, according to Thomson Financial.

Revenue rose 26 percent to $35 million from $27.8 million a year ago, boosted by a 37 percent increase in betting volume to $202 million. The International Racing Group unit, which the company acquired last June, doubled its total bets taken and accounted for nearly all the total revenue gain. Commission on bets taken rose 21 percent to $28.8 million...