Mon, May 20, 2013, 2:23 PM EDT - U.S. Markets close in 1 hr 37 mins
EPS was not good as it seems at first blush.. They beat becuase a one time charge expected at $250MM was only $60MM... Qulaity of earnings seems poor.Do not kill the messanger...
Also guidance is at least conservative.Beating becuase one toime charges are below expectations are not going to move the stock higher IMHO.
you are wrong.
The 3 cents above expectations is all due to one time items.They were expecting a loss of $250MM. The actual loss was $60MM. Margins were also below expectations and the guidance on the revenue side was basically as expected...No reason to move higher.Do not expect a sell-off either.Dead money.
Look again, ed