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October 26, 2012  Fri 7:26 AM CT

EXPE: SEE CHART GET CHAIN FIND STRATEGIES

Earnings, Revenue Exceed Street Estimates

Expedia earned $1.32 a share in the third quarter on revenue of $1.20 billion. Analysts had only expected $1.26 and $1.17 billion, respectively. That beat is pushing EXPE higher 17 percent before the bell on my tradeMONSTER platform.

Deckers Sales Lag as Inventories Pile Up

Deckers reported strong earnings, but sales missed by a mile. Revenue of the third quarter was just $376.4 million, well below the $413.5 million total expected by analysts. Management also cut the growth forecast as inventories piled up. DECK plunges 18 percent in early trading.

Cerner Posts Strong Results as Bookings Climb

Cerner earned $0.60 a share, beating the $0.59 consensus forecast. Revenue of $676.5 million also beat the $651 estimate and bookings rose 18 percent to a new record level. CERN pops 13 percent in the premarket.

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The Movement of Delta

In our last column, we spoke about delta. You might remember that we discussed what delta was and what factors affected or changed delta. As you recall, we stated that three factors will have an effect on delta. They were movements of time, volatility, and underlying price. Today, we want to take a further look into the change of delta, this time focusing on change due to the movement in the underlying price. 

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