I don't get why the stock is down so much. It's the adjusted number that counts, which is $0.34. And the rev is $348M vs $342.67 est. They had an incredible quarter with the exception of the increase in inventory. Not sure why the price is headed south.
The stock is thinly traded after hour and the price is easily manipulated by a few small orders intended to drive the price down. Don't forget there are some big guns that are big time short for hundreds of millions of dollars. They are desperately trying to control the price. They will probably lose big time tomorrow.
Well, ok. It went up about 10% last 2 days. Had it not gone up 10% the last 2 days, with these numbers, I would expect that the price would jump 10%. Therefore, I would expect a neutral or flat response in the price after the report.
In any case, if the market was rational, I'd be a very rich man.