- Street ignoring small Q2 beat and focusing on much lower Q3 guidance.
- Q3 EPS to $0.96 to $1.00 vs. Est $1.11 and sales to $600M to $620 vs. Est. $650M.
- Fell from Tuesday's close ($46.57) to $40 level in after-hours and premarket trading.
- Beat down continued off the opening, so far reaching $34.34.
- Revisiting levels not seen since December 2012, when it bottomed at $32.36.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in