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Strategies & Market Trends : Technical analysis for shorts & longs
SPY 677.60-1.3%Feb 5 4:00 PM EST

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To: Johnny Canuck who wrote (41052)4/14/2004 5:06:07 PM
From: Johnny Canuck  Read Replies (1) of 70510
 
16:23 SNDK SanDisk beats by $0.02, guides Y04 revs above consensus (32.51 +0.98)

Reports Q1 (Mar) earnings of $0.34 per share, $0.02 better than the Reuters Research consensus of $0.32; revenues rose 121.8% year/year to $386.9 mln vs the $370.7 mln consensus. Co sees Q2 revs of $400-420 mln vs the Reuters Research consensus of $402.6 mln. For Y04 Co sees revs of $1.6-1.8 bln vs the consensus of $1.33 bln.

16:22 LRCX Lam Research beats by $0.03, beats on revs (26.81 -0.03)

Reports Q3 (Mar) earnings of $0.13 per share, $0.03 better than the Reuters Research consensus of $0.10; revenues rose 23.6% year/year to $231.1 mln vs the $215.9 mln consensus.

16:20 AMD Advanced Micro beats by $0.09 (17.11 -0.05)

Reports Q1 (Mar) earnings of $0.12 per share, $0.09 better than the Reuters Research consensus of $0.03; revenues rose 73.0% year/year to $1.24 bln vs the $1.17 bln consensus. Company guidance for Q2- "In aggregate, AMD expects seasonal patterns to prevail and sales to be approximately flat".

16:20 SNDK SanDisk immediately turns defensive as EPS fails to take-out high end of range (32.51 +0.98) -- Update --

Stock initially sold off almost 2 pts, but now down 1.20 pts as traders step in at lows based on decent rev upside. Note that market accustomed to SNDK topping EPS by much more. Last qtr, co beat by 16 cents.
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