but lowered guidance. That's OK. Allows me to buy more cheap. I'm in for the longer term. They are just being conservative and protecting themselves.
I disagree somewhat. The 2013 Full year guidance is unchanged (Revs 360-400M, EPS 60c -85c). The 2nd Qtr guidance may be less than what some analysts expected but we are still where people expect them to be for Year end 2013.
The concern I have is that they are mortgaging the FY results by acknowledging a weak Q2 but maintaining FY guiance. I haven't read the report yet or listened to the call, but will.