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A.O. Smith (AOS): Q3 EPS of $0.99 beats by $0.30. Revenue of $501M (-16.8%) in-line. "We remain...

A.O. Smith (AOS): Q3 EPS of $0.99 beats by $0.30. Revenue of $501M (-16.8%) in-line. "We remain concerned about the economic recovery, particularly in the housing and commercial construction markets, and by significant increases in raw material costs in the last few months." Shares +5.6% premarket. (PR)
Comments (3)
  • youngman442002
    , contributor
    Comments (5131) | Send Message
     
    would someone explain to me why shares are up 5.6% when revenues are down 16.8%.....huh....again... what???
    16 Oct 2009, 08:17 AM Reply Like
  • mrdirt
    , contributor
    Comments (417) | Send Message
     
    Good News for Chinese workers.

     

    A.O. Smith Corp.'s (AOS) third-quarter profit more than quintupled from a year earlier, beating analyst estimates as strong sales in China, a decline in raw-material costs and aggressive cost-cutting measures buoyed the company's bottom line.
    16 Oct 2009, 08:22 AM Reply Like
  • MarketGuy
    , contributor
    Comments (3983) | Send Message
     
    youngman,

     

    Because the purposely (see: sandbag) undercut EPS estimate was beat. In this bull trap, you don't have to MAKE money...that's crazy talk.
    16 Oct 2009, 08:31 AM Reply Like
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