ELX guides much higher - 6 mil shares short

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  • mystiky
    Senior Member
    • Dec 2004
    • 333

    ELX guides much higher - 6 mil shares short

    18:21 ELX Emulex raises Q3 guidance (19.00 +0.64)

    Co issues upside guidance for Q3 (Mar), sees EPS of $0.23-0.24, ex items vs. $0.19 Reuters Estimates consensus; sees Q3 (Mar) revs of $101-102 mln vs. $91.79 mln consensus. Co states, "During the third quarter, Emulex experienced a continuation of the broad strengthening of demand that occurred in the December quarter, resulting in record sales of our Fibre Channel solutions and delivering our first quarter that exceeded $100 million in revenue".

  • #2
    I scalped ELX today for a quick .23 in about 15 minutes. Did not have a clue about what the company does. Another one that has been pretty interesting is CULS. I missed it but it has done well the last few days.

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    • #3
      Classic example of sell the news.

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