I'll be at my computer periodically throughout the evening checking for news re: STV's earnings and I'll post if I come across any news.
If anyone else learns anything please post.
Although the conference call is scheduled for 7:00 EST, I'll be watching earlier in case they release numbers prior to management's discussion.
I was thinking that Yow ming guy, but you maybe right. And I was thinking Olympics, but if there using splitters to thousand of others off one feed, then they need to execute 999 of them, and keep the one flippin the bill.
It;s up about 5% in after hours from its low of roughly 17%.
What you have to keep in mind when watching the AH ticker is that a small amount of volume can make a stock price change drastically. Never weigh AH trading to much in your valuation.
here we go! lets see what happens...
I've never placed too much faith in after hours action on thinly traded issues like STV. Given the fact that this stock has had basically no analyst coverage, that it's reporting for the first time since it became "real" and there's only been a couple thousand shares traded AH today, the after hours dip is understandable.
I wouldn't be surprised if STV is back to $37-$38 tomorrow.
STV had solid earnings. Revenue was up 37.1% and they beat the Reuters estimate of .15 cents BY .05 cents! That is huge, I don't understand why we are down 13% right now.
Guidance was not bad they predicted $15.5 to $17.5 mil compared to an estimate of $16.05. That is right around expectations, with some upside. They predict low expecting to be higher, many companies use that exact same strategy, GS for example is known for doing this.
So why are we down so much, nervous sell off? Rebound Tomorrow?
THE NUMBERS WERE GREAT!
Any guesses on the price action we will see tomorrow?
With such good earnings some analysts should take an initial coverage and upgrade? Any thoughts?
Why are we down $2.00 in AH with the positive earnings...