Options Trading News

August 1, 2012  Wed 7:25 AM CT


Earnings, Revenue Beat The Street

Silicon Image reported second-quarter profit of $0.05, crushing the $0.02 average analyst estimate. Revenue of $63.8 million also beat the $59.8 million consensus number. SIMG rallies 22 percent before the bell on my tradeMONSTER platform.

Strong Profit Not Enough For True Religion

True Religion Apparel beat on the profit line, but missed everywhere else. Sales in the second quarter were just $104.9 million, below the $107.3 consensus estimate. Full-year revenue will be no more than $455 million and earnings of no more than $1.86. Analysts had expected $467.8 million and $1.97, respectively. TRLG is down 14 percent in early trading.

Chefs' Warehouse Misses The Mark

Chefs' Warehouse earned $0.23 cents a share, missing the $0.24 Street estimate. Sales of $114.8 million were below the $118.05 million expected by analysts. Guidance was also weak. CHEF dropped 14 percent after the bell yesterday, but hasn't traded yet this morning.

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As I stated in last week's article, a break out or a break down needs to have a couple things happen before it is considered a confirmed break out or break down. The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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