The miss was entirely related to the debt refinancing, they had to tender for the bonds, cost them $27m or so. 1 time in nature, and given the low interest rate an excellent move on their part. No worries. It's why you should never look at earnings.
No worries. It's why you should never look at earnings.
The bottom line is making money! The earnings are the reason the stock is down 13% so somebody must be looking at them! The bottom line is did you make money, or lose money, and today the longs lost big time because of earnings ! That may change long term and I hope it does, but poor earnings are driving this stock today.