January 28, 2008, 4:35 pm
Atheros Q4 Revs, EPS Top Ests, But Stock Slides
Posted by Eric Savitz
Atheros Communications (ATHR) this afternoon reported fourth quarter revenue of $114.3 million, with non-GAAP profits of 36 cents a share. The Street had been expecting $113.87 million and 30 cents.
Despite the strong results, in after-hours trading ATHR shares are down 50 cents, or 1.7%, to $28.35. The stock rose $1.07 in the regular session.
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Shows you what the stoopid market experts know. This is an excellent company.
Comment by
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January 28, 2008 at
5:05 pm
the company hasn’t even given guidance yet. Wait for the call if it’s that close before jumping to conclusions.
Comment by
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January 28, 2008 at
5:08 pm
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Tech Trader Daily is a blog on technology investing written from Palo Alto, California by long-time Barron's West Coast Editor Eric J. Savitz. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields.
