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What: Shares of DG FastChannel
So what: The digital ad distributor said revenue came in almost $6 million short of Wall Street's consensus projection -- $67.9 million versus the $73.6 million analysts had been calling for, Reuters reported. GAAP profits improved 16% to $0.37 a share while non-GAAP earnings of $0.55 beat expectations by three pennies.
Now what: Like many Fools, I'm long DG FastChannel in Motley Fool CAPS, where the stock merits five out of five stars. There's no justification for this much selling when the company beat profit estimates by $0.03. As it now stands, the stock trades for roughly half the long-term earnings growth analysts expect -- a bargain by my math. Do you agree? Would you buy at these levels? Weigh in using the comments box below.
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Fool contributor Tim Beyers is a member of the Motley Fool Rule Breakers stock-picking team. He didn't own shares in any of the companies mentioned in this article at the time of publication. Check out Tim's portfolio holdings and Foolish writings, or connect with him on Google+ or Twitter, where he goes by @milehighfool. You can also get his insights delivered directly to your RSS reader.
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