Posts Tagged Earnings
EMC’s Q3 Earnings Call
Posted by David Vellante in Wikibon on October 22nd, 2009
EMC Prints Benjamins
EMC released earnings this morning and beat estimates by a penny and revenue consensus by around $70m. EMC guided analysts upward for Q4 but ever so conservatively. The stock’s off about 3% as of midday but I don’t think this was a bad quarter. The street is jittery right now because it’s October and the market has run up. Unless a company gives big upside guidance (which would be incredibly dumb) stocks generally won’t react positively.
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