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Thursday, October 20, 2011

Earnings Surprises of the Day: (EGHT), (WYNN), (NYB), (SCSS), (WDC)

8x8 Inc (EGHT) announced their most recent earnings results for the quarter ended in September 2011. Earnings came in at $0.02 per share compared to analyst estimates of $0.03 per share. Earnings were unexpectedly -33.33% lower than estimated. Investors might expect the stock price to fall as earnings were below expectations. Examining previous stock price movement may help to further determine the direction of the share price. Guidance, stock price, and revenue estimates must be considered as well. There are currently 3 analysts covering this firm. Investors can look to their reports for more information. Shares of EGHT fell by 10.59% or $-0.47/share to $3.97. In the past year, the shares have traded as low as $2.06 and as high as $5.44. On average, 1222670 shares of EGHT exchange hands on a given day and today's volume is recorded at 672596.

Wynn Resorts Ltd (WYNN) announced their most recent earnings results for the quarter ended in September 2011. They reported actual earnings per share of $1.05 when they were expecting earnings to be $1.17 per share. Actual earnings missed estimated earnings by $-0.12 per share. Investors might expect the stock price to decrease as earnings were worse than expected. Further analysis may need to be conducted to determine whether the downswing will occur. A total of 20 analysts are currently covering this company. Shares of WYNN fell by 5.47% or $-7.122/share to $123.15. In the past year, the shares have traded as low as $98.55 and as high as $172.58. On average, 3418300 shares of WYNN exchange hands on a given day and today's volume is recorded at 2415835.

New York Community Bancorp Inc (NYB) announced their most recent earnings results for the quarter ended in September 2011. Analysts were expecting $0.27 per share, and the company reported $0.27 per share. These earnings are in line with investor expectations. Investors could expect the stock price to remain stable based on this news of earnings meeting expectations. Guidance, current stock price, and revenue estimates must be considered for stock price direction. There are currently 18 analysts covering this firm. Investors can look to their reports for more information. Shares of NYB remained unchanged at $12.16. In the past year, the shares have traded as low as $11.40 and as high as $19.33. On average, 5631350 shares of NYB exchange hands on a given day and today's volume is recorded at 777798.

Select Comfort Corporation (SCSS) announced their most recent earnings results for the quarter ended in September 2011. Analysts were expecting $0.27 per share, and the company reported $0.31 per share. Actual earnings beat estimated earnings by $0.04 per share. Investors could expect the stock price to increase as results were better than expected. Further analysis may need to be done to determine whether the upswing will come to effect. Guidance and revenue estimates must be taken into consideration. A total of 8 analysts are currently covering this company. Shares of SCSS traded higher by 16.13% or $2.6/share to $18.72. In the past year, the shares have traded as low as $6.60 and as high as $19.23. On average, 1052370 shares of SCSS exchange hands on a given day and today's volume is recorded at 2385118.

Western Digital Corp (WDC) reported earnings results for the quarter ended September 2011. Earnings came in at $1.1 per share compared to analyst estimates of $0.95 per share. Actual earnings beat estimated earnings by $0.15 per share. Investors could expect the stock price to increase as results were better than expected. Further analysis may need to be done to determine whether the upswing will come to effect. Guidance and revenue estimates must be taken into consideration. Shares of WDC traded higher by 1.72% or $0.42/share to $24.86. In the past year, the shares have traded as low as $23.93 and as high as $41.87. On average, 4885120 shares of WDC exchange hands on a given day and today's volume is recorded at 5286488.