Hi VENKIE,
EXTR did not soar. One reason might be with Reuters constantly repeating that EXTR missed consensus estimates by 2¢. They have sent numerous CORRECTIONS to the story & every time they still state EXTR missed by 2¢, rather than beat it by 2¢.......
Latest example from this AM....
Thursday October 19 8:32 AM ET
"Another laggard was Extreme Networks Inc. (NasdaqNM:EXTR - news), whose shares were mauled in after-hours trade, falling about 10 percent to $96-1/4, after the computer networking equipment maker reported first-quarter net earnings that misses expectations."
dailynews.yahoo.com
Finally at 10:00 AM, they got it right after about 30 screw ups..... who is reading the latest CORRECTION CORRECTION CORRECTION.......
"Thursday October 19, 10:00 am Eastern Time
CORRECTED - U.S. stocks seen sharply at open after good corporate results
In NEW YORK story headlined: ``U.S. stocks seen sharply at open after good corporate results'' read in paragraph 21 ... Extreme Networks Inc. (NasdaqNM:EXTR - news) shares were mauled after-hours, falling about 10 percent to $96-1/4, despite the computer networking equipment maker reporting first-quarter earnings that exceeded Wall Street estimates ... instead of ... Another laggard was Extreme Networks Inc. (NasdaqNM:EXTR - news), whose shares were mauled in after-hours trade, falling about 10 percent to $96-1/4, after the computer networking equipment maker reported first-quarter net earnings that misses expectations. (corrects to make clear that Extreme Networks reported earnings that exceeded Wall Street estimates, not missed estimates)."
biz.yahoo.com
What a crock of crap FWIW....
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