So they beat by $0.25, but they projected the next quarter (report comes out in 60 days) to be a loss of $.16 instead of a gain of $.10 per share.. (Hey don't those number sound exactly the same!) Meanwhile, they move the FY from 12/31 to 3/31, so these 3 months of super cold earnings are counted where?
And the stock goes down 14%? sounds like manipulation to me.
How about just 8% earnings growth next year after 21% plus this year? How about the fact that earnings are still nearly 27% off their highs? How about the fact that in the coldest winter in decades, they couldn't get any pull through into Q1?
It's called being very conservative on their guidance. You have to remember they got burned the last time they painted a somewhat rosy picture to the tune of $50. I think they never want to get caught with their pants down ever again. They will easily beat, but they want to lower expectations. Forecasting an 8% growth instead of a 21% growth is stating that they will likely have growth between the two numbers. Forecasting a -$.16 instead of a +$.10 is really negligible when they beat by $.25 anyways