ARR Beats Revenue and Matches Earnings! Good Quarter
Earnings of $114/117M beat estimates of $105.5M. EPS of $.27 matched estimate. My guess is the Zack sell rating was based upon book value drop to $7.28/7.30 but price still remains at a premium.
BV fluctuates and with Asset changes and number of common shares.....the BV will rise next quarter,
ARR Management is smart....watch for share buybacks......The balance sheet of cash remains strong and government rates remain low thru 2014. Will buy more at $6.50