New book by Larry Connors Click here Improve your trading - See how
At 9:23 am ET the stock is trading at $24.80 down $3.72 from Monday's close.
With the decline, the stock stands to open below support and at a new multi-year low.
The company reported net income for the second quarter of $588 million, or $0.44 per share, compared to $610 million, or $0.42 per share, for the year-ago quarter.
Revenue for the second quarter declined 25 to $3.35 billion from $3.42 billion in the prior year quarter.
Analysts poled by First Call / Thomson Financial expected the company to earn $0.46 per share on revenue of $3.39 billion for the second quarter.
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The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
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