Aug. 15, 2012, 12:36 PMTowers Watson (TW +5.5%) regains some of the territory it lost over yesterdays Q2 earnings drubbing. William Blair says that it thinks the sell-off was overdone. The results were "neither as weak as they first appear nor a sign of a longer‐term structural issue." The firm reiterates its Outperform rating on the stock. (Transcript) | Comment!
Aug. 14, 2012, 10:49 AMShares of Towers Watson (TW -10.1%) slip after the company beat on its Q2 bottom line but came up short on revenue and cut FY12 guidance. Total sales were slack, falling 3% Y/Y. Despite the weak sales, net revenue soared as the company cut bottom line costs and margins jumped. Going forward however, it sees revenue growth flat at best due to currency impact and weak overall demand, and warns of a potential 10% drop in its EPS for the current quarter. | Comment!
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