NEW YORK - These three companies went KOBATA when they reported last month. KOBATA is often wondered about Wall Street shrouded in intrigue and mystery buried in the jargon of Wall Street itself. The word is actually an acronym not a word itself and it stands for "knocked it out of the ball-park above top anticipations." Few companies ever hit for the KOBATA.
Apple has done it in 3 straight quarters. They reported numbers above any analyst expectations top expectations. Despite most analysts seeing Apple earning in excess of $24 billion this year a number which few companies have achieved the stock is down since it reported on April 20. Investors are concerned with the lack of update on the health of their viceroy Steve Jobs. Jobs the creative genius which has brought in new age of Apple products. Today, its hard for someone to go from their home to work without being bombarded by thousands of people using Apple products. Apple computers, which had long been No.2 since it lost the PC war has seen a resurgence in their products. Today Apple computers are seen everywhere. The I-pad and I-phone have given Apple that credibility it needed for consumers to be willing to spend more money for its products.
To see the full Apple report click here.
Terex corporation known colloquially as "The King" on Wall Street for its strong brand name and its enduring powerful presence on Wall Street has seen its shares hammered. The company stock was at $32 when it reported and it went to $36 following the report. Since then the stock has declined 23%. No one on Wall Street really understands the decline. The company showed 34% revenue growth and it raised its full year guidance. Since its report it submitted a tender offer to buy German "Demag Cranes" the offer is for $1.1 billion. The offer is unlikely to go through since CEO, Ronald DeFeo said he would not increase his offer price and Demag stock has surged well above the offer price. To see the full Terex Report click here.
Skyworks Solutions which saw its stock rise 14% when it reported has since seen its stock decline to a price lower than it was when it reported. To see the full SWKS report click here.
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