Front of YHoo says we missed on Earning and REVs.....all other articles say we beat! Stock getting pounded.
Pounded? Up $1.11 so far in pre-market. The moral of the story is commit fraud, miss your numbers, and tell the market you're cautious about growth going forward, and your stock will go up in this market. Unbelievable.
It's just not as ugly as people feared. By the way the fraud was committed by the previous owners. News reports say they are "shocked" by the revelation. Isn't that a surprise.
It wavers back and forth....now CAT in the mid 93's.........not sure what game is being played as all reports are contradicting eachother....I see a beat on both Earnings and Revs!
Looks like an earnings beat to me outside of the one time writedown of .87cents.
MarketWatch says $1.04 versus $1.69 earnings and $16.08B versus $16.0 B revenue.
CNBC is reporting $1.04 ex-items versus $1.70 estimate. Which is it?