hweb re: FARM I listened to the CC to see if there were any items worthy of this 24% price increase, and I didn't hear any. My speculation is that traders jumped on the briefing.com news wire. If you exclude the gain on assets the actual loss was roughly -.45 which would have been -.12 worse then expectations.
Briefing.com summarized the release as follows:
•Reports Q1 (Sep) earnings of $0.26 per share, $0.59 better than the two analyst estimate of ($0.33); revenues fell 6.0% year/year to $138.6 mln vs the $136.78 mln S&P Capital IQ Consensus.
•As a result of the foregoing factors, net income was $4.7 million in the first quarter of fiscal 2020 as compared to net loss of $3.0 million in the prior year period.
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