Company guided for 25-26% in non-GAAP tax rates for Q4. Came in under 15%, and is not expected to be sustainable. Excluding the benefit, they missed by $0.02. All guidance is in line with consensus estimates. Expect a sell-off tomorrow.
Oh, thank you tmrobins, because I was wondering where are the shorts on this one. With just 1.6% of float in short positions, I was worried there for a minute that there will not be anyone to push this stock up even with the good earnings news. But, there it was...you! There will be some short coverings today, after all. Yeehah!
tmrobins, since when can't you use positives to your advantage. They didn't miss you stupid one , it was already calculated in by the company. Next time they will take notice , tmrobins and give different guidance, with all items seperated specially for you moron.Also their guidance is perfectly in line, and upper limit even slightly better than given before by management.Given the history of guiding lower than actual outcome, there is also a possibillity of a much better figure next quarter.
And than another thing, this company is very cheap, no debts, nearly 800million in cash.Lots of european companies are interested in outsourcing to US. Maybe scooping up a US company.
Fair value lies around 33-34$, you should have bought day before yesterday instead of the whining afterwards.Punk, call your buddies at brokerage to initiate sell and than call your mommy.