Marketgems Earnings Trader- Trading Strong or Weak Earnings Growth

[jenna]

COGN earnings upside preannouncement ... again. We still have to watch for afterhours trading and a confirmation in the morning would be analyst upgrades (like BMET and APOL)

Cognos(R) Reports Record Third Quarter Results
Record Business Intelligence Revenue Drives Strong Earnings Growth
OTTAWA, and BURLINGTON Mass., Dec 19, 2002 /PRNewswire-FirstCall via COMTEX/ -- Cognos Incorporated (Nasdaq: COGN; Toronto: CSN -- all figures in U.S. dollars), the world leader in business intelligence solutions, today announced results for its third quarter of fiscal year 2003, which ended November 30, 2002.

Revenue for the quarter was $138.1 million, an increase of 11 percent compared with revenue of $124.2 million for the same period last year. Net income was $19.9 million or $0.22 per share. This is an increase of 50 percent compared with net income of $13.3 million or $0.15 per share in the third quarter of last year.