Miss eps, beat rev, lower guidance. This seems to be the new formula for boosting stock prices.
SNPS up over a point in after-hours trading.
Down today -- where's it going next?
miss eps? they beat by 5 cents
They beat eps consecutive quarters. Analysts will will question their ability to accurately predict estimates if they continue to sandbag. Once they miss, see ya below 10.
non-GAAP. Accounting ain't what it used to be. Inline guidance would be cause to get shot down. Now with the lowered expectations for earnings overall, anyone who meets the reduced numbers is rewarded for subpar performance. JMHO