Wednesday, October 24, 2007

Will the Market go Nuts?

BBSI announced their earnings after the bell (BBSI Announces Third Quarter 2007 Operating Results). They did "miss" as Breifing.Com mentioned none to subtlely (InPlay: Barrett Business misses by $0.03, reports revs in-line; guides Q4 EPS below consensus, revs below consensus).

In happy hour trading, they're down 5% to $21.40 after being down 3% during the day. People need to take a step back sometimes and ask whether the company is doing well.

  • Revenues were up from 69.4m to 82.9m. That is pushing 20% up.
  • Income before taxes was up about 12%.
  • 4th quarter guidance is for revenues up 5% and income up 0 to 6%.
Not barn burning, but given the weakness in the economy and the fact that the stock was already trading 15 to 20% below the 52 week high. Does it deserve to go 5% lower? We'll see.

DGX announced their earnings this morning, Forbes wins contest for best headline. (Quest Diagnostics Not Feeling Well). In actuality they beat by a penny and guided the rest of the year inline. Their reward? Down 4.6%. Guess they're not the only ones not feeling well.

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