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Friday, 07/12/2019 1:23:07 PM

Friday, July 12, 2019 1:23:07 PM

Post# of 2100
Take a look at this,particularly the last paragraph that talks about the next quarter revenue for GGB,unless I read wrong it's not very encouraging:

Despite impressive comps trend, management issued a soft earnings view for second-quarter fiscal 2019. Adjusted earnings for the fiscal second quarter are envisioned to be 30-32 cents. This guidance is also lower than the adjusted earnings of 34 cents reported in the year-ago quarter. This may be the reason behind the stock’s dismal run on the bourses. Notably, shares of the company have lost 23.6% in the past three months, underperforming the industry’s decline of 19.6%.


This is the link for the whole article:https://finance.yahoo.com/news/american-eagle-ggb-sign-agreement-134001738.html