Shares of RetailMeNot Inc (NASDAQ: SALE) plummeted in the after-hours session amid third-quarter 2014 earnings and disappointing guidance.
Revenue in the three months ended in September rose 19 percent year-over-year to $56.5 million, yielding EPS of $0.05. RetailMeNot expects Q4 revenue in the range of $84.7 million to $86.7 million, below the $90.7 million consensus, an average drop of 5.51 percent.
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The company also announced that Douglas C. Jeffries has decided to step down as chief financial officer effective November 30, 2014, to return to his home on the west coast. He will remain with RetailMeNot to assist with the transition.
Of note: On October 29, West Capital Management announced that it owns more than 2.87 million shares of the retailer, or approximately 5.3 percent of RetailMeNot's entire outstanding stock.
Shares were recently down 19.8 percent at $16.36.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.