1. to protect credibility
2. It's way cheap
They didn't they beat expectations.
Beside warning will accomplish nothing on the contrary. It's oversold now..
2015 earnings estimates were raised to 90 cents from 53 cents per share at MKM Partners this morning. The firm also upped its 2016 earnings estimates to $1.28 from $1.18 per share.
MKM Partners maintained its "buy" rating and $27 price target on the stock.
which is it this time ?
bottom line that what counts.
The firm maintained its "buy" rating and raised their price target to $27 from $24 on the stock.