Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.

Recs

0

Brightpoint Shares Got Destroyed: What You Need to Know

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of Brightpoint (Nasdaq: CELL  ) got destroyed today, down by as much as 19%, after the company reported earnings last night.

So what: Fourth quarter revenue totaled $1.56 billion, with earnings per share of $0.34. Both figures topped the market's expectations, which called for $1.39 billion in sales and a $0.33 per share profit.

Now what: CEO Robert Laikin said the company is well positioned to benefit from smartphone trends within the broader wireless industry, as it provides device-lifecycle services. What's really weighing on investors is that the company cut its fiscal year 2012 earnings outlook. It lowered its adjusted earnings-per-share forecast from between $1.08 to $1.20 to a new range of $1.07 to $1.17.

Interested in more info on Brightpoint? Add it to your Watchlist by clicking here.

Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.


Read/Post Comments (0) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 1772180, ~/Articles/ArticleHandler.aspx, 8/4/2015 8:06:00 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Evan Niu
TMFNewCow

Evan is a Senior Technology Specialist at The Motley Fool. He was previously a Senior Trading Specialist at a major discount broker. Evan graduated from the University of Texas at Austin, and is a CFA charterholder.

Today's Market

updated Moments ago Sponsored by:
DOW 17,550.69 -47.51 -0.27%
S&P 500 2,093.32 -4.72 -0.22%
NASD 5,105.55 -9.84 -0.19%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

12/31/1969 7:00 PM
CELL.DL $0.00 Down +0.00 +0.00%
Brightpoint, Inc. CAPS Rating: *****

Advertisement