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Or was it just fake news the mislead investors?
4:29 PM ET, 08/07/2019 - Briefing.com
Reports Q2 (Jun) earnings of $0.46 per share, $0.02 better than the S&P Capital IQ Consensus of $0.44; revenues rose 13.3% year/year to $227.9 mln vs the $225.34 mln S&P Capital IQ Consensus. Co issues downside guidance for Q3, sees EPS of $0.58 vs. $0.61 S&P Capital IQ Consensus; sees Q3 revs of $232.5-235.5 mln vs. $238.74 mln S&P Capital IQ Consensus. Co issues downside guidance for FY19, sees EPS of $2.10-2.12 vs. $2.13 S&P Capital IQ Consensus; sees FY19 revs of $897-903 mln vs. $910.10 mln S&P Capital IQ Consensus.
First they pubilcize fake buyout news through SA saying they are down to two companies that were interested in buying ENV. Just to pump the stock so insiders and Hedge funds and institutions could sell.
Next they announce absolutely terrible earning and the stock drops 20%.
Next all interested potential buyout companies pull out of negotiations.
If you ask me that is total deception, manipulation, curuption and totally Unethical.
Envestnet CEO, CFO, BOD and Excec Officers should all be remove for their deception, manipulation, corruption and totally Unethical people. IMO
Stock up $9.24% the next day. What's not to like?