Analyst's appear to be missing the numbers reported in RHT's conference call. The negative that they are focusing on ~ 20M was based on currency conversion issues, primarily in Euro's. Guidance was on or above expectations. However the pullback in the after hours yesterday looks like it may provide a buying opportunity. At least the company thinks so as they just announce a $300M stock repurchase.
This is a prime example of the sensitivity to earning's report in this environment. PALM shot up immediately on earnings report because at first glance the numbers looked good, then reality set in...
Happy Trading...
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