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Western Digital (WDC): FQ2 EPS of $0.96 beats by $0.38. Revenue of $2.5B (-5.5% Y/Y) beats by...

Western Digital (WDC): FQ2 EPS of $0.96 beats by $0.38. Revenue of $2.5B (-5.5% Y/Y) beats by $125M. Shares +4% AH. (PR)
Comments (3)
  • jfm1959
    , contributor
    Comment (1) | Send Message
     
    from what the earlier preview note said, rev BEAT by $200k?
    18 Jan 2011, 04:49 PM Reply Like
  • theboys
    , contributor
    Comments (94) | Send Message
     
    Tomorrow should be interesting. Analysts were wrong apparently to revise down their estimates the past 90 days. The original estimate was right on.

     

    I know this stock very well, but this time there are a few glitches.

     

    The comparisons are poor. At this point it is estimated they will earn less in 2011 than in 2010. However it is being noted that inventory levels have firmed. Still sales were about the same as last year, but clearly margins weren't although much better than forecast.

     

    So maybe the real question is whether the stock is fairly priced at this level assuming inventories are contained allowing for decent margins. Also will the top line grow as well.

     

    I see it jumped after hours, but then Intel did as well and they sank the next day. Of course Intel only beat estimates and had record earnings and sales, but hey they probably could have done better. LOL.

     

    I think the word is FICKLE.
    18 Jan 2011, 09:32 PM Reply Like
  • nightfly
    , contributor
    Comments (1017) | Send Message
     
    I think the word is momentum...like CRM, NFLX, etc. stocks that move, folks are not fickle but foolish.

     

    For non-momo stocks like MSFT, INTL, CSCO, etc. the market is fickle as you say.

     

    At at current prices, there's more risk to holding those stocks to the down-side than upside.
    18 Jan 2011, 10:45 PM Reply Like
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