Wednesday, October 24, 2012

iRobot, Illumina, Facebook Report 3Q'12 Results

iRobot (IRBT) reported 3Q'12 results after the market closed yesterday (02012.10.23). I don't need to spend much time looking at the results based upon one sentence contained in the company's press release: "The 2012 outlook for [defense and security] has deteriorated and we expect further declines in 2013," said CEO Colin Angle. In after hours trading IRBT was down 20%.

IRBT closed yesterday at $22.64. 52-week range: $19.09 - $38.33. It's possible IRBT will hit a new 52-week low today (02012.10.24).

Illumina (ILMN) reported 3Q'12 results after the market closed yesterday (02012.10.23). From the company's press release. "We are very pleased with our operational execution so far in 2012," said Jay Flatley, Illumina's President and Chief Executive Officer. "As a result of our performance and the recent announcement regarding NIH funding under the continuing resolution, we are tightening our 2012 revenue and EPS guidance ranges. However, we remain cautious given the uncertainty of the U.S.fiscal cliff as well as the outcome of the Presidential election."

ILMN closed yesterday (02012.10.23) at $45.19. 52-week range: $25.65 - $55.39.

Facebook (FB) reported 3Q'12 results after the market closed yesterday (02012.10.23). Two observations: (1) Facebook ended the quarter with $10.5 billion in "cash." (2) Facebook's effective tax rate has been 40% for the first nine months of 02012.

FB closed yesterday (02012.10.23) at $19.50. 52-week range: $17.55 - $45.00. Pi moment on 02012.10.24... Pre-Market: $22.64 Up $3.14 (16.10%) 7:35AM EDT.

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