Zeev's Turnips Patch-No Politics (ZEEV)

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Quick Earnings Roundup:

ANN - Matched EPS and REV but brought next quarter guidance down indicating another troubled retailer.
BEAS - Matched EPS and REV - Guidance coming on conference call which started at 5 PM EST. Lookout.
BRCD - Matched EPS and REV - Guidance coming on conference call at 5:30 PM EST. Lookout. Note Proforma was breakeven vs. GAAP loss of 57 cents!
INTU - Beat EPS and REV slightly. Guided next quarter EPS up a penny and kept REV in line with consensus. Reasonable report.
CA - Beat EPS and REV slightly. Guided next quarter EPS and REV up slightly. Note Proforma EPS was .08 and GAAP EPS was a loss of 18 cents.

Here are two examples (BRCD, CA) of huge disparity between GAAP and Proforma greatly skewing current PEs and showing how overvalued these stocks really are.

Overall, futures up slightly on the news mostly due to INTU IMO.