HIGHLIGHTS OF CONTINUING OPERATIONS (2nd QTR 2014 compared to 2nd QTR 2013):
Revenue of $27.2 million, a 32% increase from comparable operations
Gross profit margin of 21.3%, an increase of 7.9 percentage points from comparable operations
Net income from continuing operations of $1.6 million, an increase from a net loss of $(1.6) million
Earnings from continuing operations of $0.05 per diluted share, an increase from a net loss of $(.06) per diluted share
On a comparable basis, revenue from the continuing businesses increased to $27.2 million. A 32% increase from $20.2 million in the second quarter of 2013. ENGlobal reported net income from continuing operations of $1.6 million, or $0.05 per diluted share, for the quarter ended June 28, 2014, compared to a net loss from continuing operations of $(1.6) million, or $(0.06) per diluted share, for the quarter ended June 29, 2013. During the quarter ended June 28, 2014, the company incurred non-cash expenses for depreciation, amortization and stock compensation expense of $0.7 million as compared to $0.6 million for the same period in 2013.
The only one who guesses is the brainless idiot that is you. This stock is currently at support as shown by the chart over the last few days and also confirmed by StockConsultant. The 90 MA at 2.77 is hard support and is rising every day, it caught the June dip too. There is also a fixed line of support at 2.81 ± 0.1, type Triple, strength 8.
'I'll bet ASTC touches 2.50 before EoW, and NEVER touches 3.07 again. '
ROFL !! The brainless idiot is going to be proved wrong again on both counts and I will not be shy in reminding you ;-).
CURRENT PRICE 2.83, at support, 2.81 ± 0.1, type Triple, strength 8
+6.7% at 3.02 ± 0.11, type Triple, strength 10
+13.4% at 3.21 ± 0.12, type Triple, strength 10
+32.2% at 3.74 ± 0.13, type Single, strength 8
-7.4% at 2.62 ± 0.09, type Single, strength 1
-12% at 2.49 ± 0.09, type Triple, strength 10
-16.6% at 2.36 ± 0.08, type Triple+, strength 6
-24% at 2.15 ± 0.08, type Single, strength
No, I sold earlier as I intimated in my last post. I did/do not like the way this stock trades and today is another sad example. Management have to ensure they make the estimates every quarter when they can and they can do it by cutting back on stock compensation/buyback when necessary. It's a simple enough concept to grasp but they just obliviously carry on regardless of the effect on the stock price.
The numbers were great but this management have to realize they can't miss analyst estimates without being punished and there were factors under their control they could have took to avoid missing the estimates. The analysts were expecting 8c on $131m revenue (GAAP) and they delivered 6c on $130m revenue. Now the actual earnings were 12c but 3c of the difference was stock compensation so without that they would have beat estimates. They also gave up 4.5c of profit buying back stock so funny enough they could beat estimates again without that. They really have to take better care of all these factors under their control and ensure they can meet or beat their estimates when they can because the dumb Institutions in this stock only look at the raw final numbers and can act harshly accordingly.
The first gap (31.72-33.20) was partially filled yesterday (~40%) down to 32.60 but rebounded back up to 32.83 so still over a dollar of release pressure still there. Volume had been falling until yesterday as well as the RSI and MACD showing that the buying exuberance/volume that accompanied earnings had dissipated but the partial gap fill sparked a volume increase as you would expect where buyers who had wanted to buy in the gap range met sellers who could still take profit in the gap. Highest fixed support is 31.13 ± 0.37, type Double, strength 3 and the 50 MA is 30.70 and rising fast. I expect the stock at worst either to bounce off either the gap bottom at 31.72 or at this fixed support probably at the higher end around 31.50. At best it consolidates around this level (32-34) until major news or earnings. The 34+ range has now become fixed resistance.
CURRENT PRICE 32.82, not at resistance or support
RESISTANCE ABOVE +5.3% at 34.57 ± 0.41, type Single, strength 5
-5.1% at 31.13 ± 0.37, type Double, strength 3
-9.1% at 29.84 ± 0.36, type Single, strength 8
-14.7% at 27.98 ± 0.34, type Single, strength 5
-17.9% at 26.95 ± 0.32, type Single, strength 5
-19.6% at 26.38 ± 0.32, type Triple+, strength 10
-22.6% at 25.4 ± 0.3, type Double, strength 10
-24.9% at 24.65 ± 0.3, type Triple+, strength 6
-27.3% at 23.87 ± 0.29, type Single, strength 5
'and by the time a few weeks have passed this stock will be kissing the low 2.0 while IMSC blows past it in the fast lane.'
LOL, you cretinous brain dead idiot ! You have been singing that wrong tune for YEARS while ASTC went up to being 7 times higher than IMSC this year from being lower when you started posting here all those years ago ! Only in your fantasy world is a decline from 1.84 to 1.28 in those passing years 'blowing past in the fast line' lol. It's funny how this stock never gets down to 2 or 1 or any other silly number you pluck out of your smelly posterior but it always hits my numbers and my prediction still stands so enjoy these last few days/weeks fool ...
IMSC share price will NEVER be higher than ASTC share price ever ever again ! There are not enough suckers around to buy the 50+m options DMRJ has ready to dump on any news. That is why the stock is lower now than it was when you was pumping it at 1.30+ two years ago and the stock is still only HALF diluted yet. The only charlatan is you, predicting great things for IMSC share price when it was higher than it was today and bad things for this stock when it was 60c lol. Who was proved right over all these years ?!
p.s. no-one summoned you back, you post here on your own accord whenever the price dips below $3 but these dips are only temporary and soon you will be gone for good when the rising support meets the long term support at 3.07 and it stays over 3 for good so enjoy these last few days/weeks under 3.
I only originally mentioned 3.07 once, on July 6th, and since then it has been on or over it on 7 separate days spanning from Jul 7 to Jul 24th and it will return there easily again. It's long term support and the stock will gravitate back up there again. The rest of the times I just reiterated it in reply to you. As to IMSC, the suckers foolishly buying today don't realize that DMRJ will crush any rally in the long term but they will soon just like all the suckers that bought two years ago at 1.84 and are still holding the bag ! I predicted back then anyone buying over 1.30 would be a bagholder and it is still true today as it was then. Unlike you, all my predictions come true eventually.
So after 3 days well over $3, like the cowardly sewer rat you are you only slink out from the shadows to reply after a momentary dip below $3. How many times have you mentioned 3.07 is gone and how many times has the stock returned to hit that price again ? EVERYTIME ! You have a 100% failure rate as befits the big IMSC loser that you are. It will return to 3.07 ... again .... like it has every time.
I would like to know when AMZN ever had a good report ? ;-) AMZN with its P/E an order of magnitude greater than ARMH is the biggest bubble stock in the whole market and is overvalued by many factors. The market should never have rewarded such a company with such a high market cap in the first place that not only has no interest in ever making money but destroys companies and industries that do. Just like ARMH is really a puffed up $15 stock AMZN is a blown up $50 stock. Both will find their true valuations in time.
... if you convert the moving averages that currently reside there (113-124 SMA) from resistance to support then all the moving averages in this stock will become rising support underneath the stock price. 50 and 200 MA (2.17 and 2.05) are both now proven support in this stock and rising. Also blocking the path there is fixed resistance as recorded by StockConsultant below.
CURRENT PRICE 2.42, at resistance, 2.32 ± 0.13, type Single, strength 3
+9.9% at 2.66 ± 0.15, type Single, strength 5
+21.1% at 2.93 ± 0.17, type Double, strength 6
+43% at 3.46 ± 0.2, type Double, strength 10
+62.4% at 3.93 ± 0.23, type Single, strength 5
+79.8% at 4.35 ± 0.25, type Single, strength 8
-12% at 2.13 ± 0.12, type Triple+, strength 10
-20.7% at 1.92 ± 0.11, type Triple, strength 5
-34.3% at 1.59 ± 0.09, type Double, strength 10
#$%$8% at 1.07 ± 0.06, type Single, strength 3
It would have been doomed even more without Office. Do you notice Google bothering to sort out Intel x86 compatibility in Android apps ? No, so why do you expect MSFT to do it for the ARMy in Windows ? What possible benefit is there after all the losses they suffered in WinRT despite cornering that very limited market ? It's all the 3rd party software that needs porting and that is up to the lazy ARMy to sort out which they won't of course. It's the same reason ARM servers will go nowhere even if anyone had a decent design which they don't at the moment. All the ARM bluster that East came out with about waltzing into Intel's legacy territory virtually unopposed was just that, meaningless hot air.
So in which future Parallel Universe do the ARMy bother to sort out their critical legacy Windows deficiency issue ?!
Stop deluding yourself, the ARM/Windows adventure is OVER. You think they are going to repeat the WinRT farce again in the future ? Dream on ....
On the afternoon of Wednesday July 23, Grigoryev wrote “Been shelling Ukraine all night.”
... less than 1% server market-share and holding. What this shows about MSFT is that it is deadly serious about getting into mobility and will throw everything it has into it and of course x86 chips will allow their full software to be enabled across all platforms. It's a major event and yet no public analysts has signaled it as such, typical.
HUGE implications going forward yet the ANALysts prefer to be asleep at the wheel again of a major event and dream about phantom ARM servers instead with their equally phantom marketshare, still