... When 24 analysts combine to show a consensus estimate for next quarter of $0.23, I believe it's fair to say this evening's comments about next quarter are indeed a warning. (It should be noted that I'm one of those biased bears!)
Briefing.com - by way of MSN
news.moneycentral.msn.com
Note my bold/italics below. Break-even to me indicates a ZERO profit, driving everyone's favorite ratio (PE) asymptotic. Either the analysts got caught by surprise, or management is deliberately undershooting. I vote the first.
ST - trading - Options
In addition to the ANQQK's @ 3.75 I've hung on to, I added some ANQQJ's today @ 1.5. As the CC comments are digested after the Fed glow, I think we'll see a ST dip.
- Mitch
Market Report -- Story Stocks (AMAT, NTAP, ANF, SAWS, TQNT)
May 15, 2001 6:39:00 PM ET
Tuesday After Hours Price changes vs 4pm ET levels: The Fed was the story throughout the trading day, but earnings were the story after hours. Strikingly, there was a good deal of earnings reporting from well-known companies, not the least of which was Applied Materials (AMAT 49.65 -0.24)... The chip equipment company posted fiscal Q2 earnings of $0.32 a share, $0.01 worse than the First Call consensus, and vs year-ago earnings of $0.53; revenues fell 12.8% to $1.91 bln from a year-ago of $2.19 bln... On its call, AMAT guided fiscal Q3 EPS to break-even, which is well shy of the current consensus estimate of $0.23... AMAT holding up fairly well, though, after hours as are its industry peers such as NVLS, KLAC, & LRCX... |
