Wednesday, February 5, 2014

EXTR misses on Sales & EPS.....

EXTR reported the following :

Q2 Sales actual $148.3 million vs expectations of $151.64

Q2 EPS actual 14 cents vs expectations of 15 cents

Guiding Q3 Sales $140 to $155 million mid point $147.5 million vs expectations of $153.88 million

Guiding Q3 EPS 1 cent to 6 cents  mid point 3.5 cents vs expectations of 8 cents

Pre market EXTR indicated lower Bid $6.05 ASK $6.60...closed @ $7.04

Conference call starts @ 8 AM.....

BLOG does NOT give buy or sell.

Saleem

10 comments:

stocktrader_1996 said...

Hey Saleem,

Added a small amount of RL @ 155.98.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Sold EXTR $5.86...

Good luck with RL...

Saleem

stocktrader_1996 said...

Hey Saleem,

Ugh. It's not working out as planned...it should have been a sell instead of a buy at open.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Market technicals are awful....

Saleem

stocktrader_1996 said...

Hey Saleem,

If we indeed find footing today somehow, I think this will be the bottom. The emotions and price action were fiercely negative this morning--a dump of everything everywhere.

Stocktrader

Stocks100 said...

Hi Stocktrader,

TAPE is trying to find a bottom BUT its making lower lows still..not a healthy sign YET....

See how we close.....

Saleem

Stocks100 said...

Hi Stocktrader,

Bought TWTR $66.41....

Saleem

stocktrader_1996 said...

Hey Saleem,

Good luck ahead of earnings. I guess I'd be inclined to buy also. It's too early in the story to have any major institutional sellers.

Stocktrader

stocktrader_1996 said...

Hey Saleem,

I'm a little concerned I don't have enough cyclical exposure right now given the bottoming process of the market, but I'm sticking with the strong underlying stories. Surely though, some things like steel and solar have been much oversold.

Stocktrader

Stocks100 said...

Hi Stocktrader,

Solar TAPE is baffling...JKS from $37.98 to $25.45.....that is steep fall...

Hard to predict earnings but TWTR could be very interesting.

Saleem