i just read reuters story about spls falling after the bell and spls was down % FROM QUARTER LAST YEAR! ARE THESE PEOPLE SMOKING CRACK. SOMETHING HAS GOT TO BE DONE WITH SLANTED UNINFORMED REPORTING. lets see sales up 30 % spls beats estimates this quarter and this is their SLOW quarter. this type of reporting is enough to make people stop reading and reuters stories, just total irresponsibility.
The consensus estimates were .11 to .12. Therefore, the beating of estimates is in the eyes of the beholder in this particular situation. I put more importance to the upgrade this morning, although a single upgrade has only a one day effect, usually. The strategy should be to hold and buy on the dips, as shalow as they are with SPLS. Great company.