tradeMONSTER: Trade free for 90 days

Options Trading News

October 17, 2013  Thu 7:30 AM CT

IBM: SEE CHART GET CHAIN FIND STRATEGIES
Quarterly Shortfall Exceeds $1 Billion

International Business Machines earned $3.99 a share in the third quarter, better than the $3.96 expected by analysts. But revenue was just $23.72 billion, well below the $24.75 billion consensus forecast. Full-year guidance was also cut slightly, sending IBM down 7 percent before the opening bell on my tradeMONSTER platform.

Amarin Sees Valuation Cut by More than Half

Amarin announced that a Food & Drug Administration advisory panel voted 9-to-2 against an expanded use of its Vascepa drug. The company wanted it to be used as an adjunct to diet and exercise for certain patients suffering from high triglycerides. AMRN craters 61 percent in early trading.

SanDisk Climbs on Earnings, Revenue Beat

SanDisk earned $1.59 a share on revenue of $1.63 billion. Analysts had expected $1.32 and $1.57 billion, respectively. SNDK climbs almost 5 percent in the premarket.
Share this article with your friends


Related Stories

IBM

Bears are chasing breakdown in IBM

December 15, 2014

Our proprietary Market Action webinar has predicted that weak business trends would precipitate a drop in the share price of the once-mighty computing giant.

IBM

Is IBM heading for quick rebound?

November 24, 2014

The computing giant plunged to a three-year low last month after missing estimates and warning of a "marked slowdown in September."

tradeMONSTER: Trade free for 90 days

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER