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Funds Up Stakes In Ocular Sciences Stock.(B)(NASDAQ STOCKS IN THE NEWS)
Byline: Christina Wise
Ocular Sciences, which is making its way through a 12-week consolidation, finished the week 9% off its high. That pattern is part of a much larger base it began in May 1999.
The contact lens maker had a rough time with earnings in 1999 and 2000. But earnings growth has accelerated over the last three quarters, rising from 6% to 21% to 25% to 31%.
Sales growth also has been on the upswing, going from 30% to 43% to 44% to 57%.
The turnaround has caught the eye of a few mutual funds, and sponsorship has gradually increased over the last year ...
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