OptionsHouse

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

Cramer: Hard to outrun IBM legacy

July 22, 2015

To be critical of a revenue decline when the company specifically told you it was necessary to shift resources to faster-growing products? That seems plain wrong.

Invest Like a Monster - San Antonio: October 9-10

Premium Services

Archived Webinar

Education & Strategy

Options Academy: At the Break

So far, my articles have taken you through a logical progression of option theory and fundamental concepts of options. As of yet, I have not mentioned a single strategy and for a good reason! The actual application of a strategy should come AFTER you learn about the option product itself.

View more education articles »