TMCnet News
Darling International Earnings Review: 18 Days after Announcement Shares Down 10.9% (DAR)May 28, 2012 (SmarTrend(R) News Watch via COMTEX) -- When Darling International (AMEX:DAR) reported earnings two weeks ago on May 10th, 2012, analysts, on average, expected the company to report earnings of $0.29 on sales of $411.2 million. The company actually reported EPS of $0.24 on sales of $387.1 million, missing EPS estimates by $0.05 and missing revenue estimates by $24.1 million. Shares of Darling International have slipped from $16.00 to $14.26, representing a loss of 10.9%, since the company reported earnings 18 days ago. In the past 52 weeks, Darling International share prices have been bracketed by a low of $11.24 and a high of $19.62 and are now at $14.26, 27% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.9%. SmarTrend recommended that its subscribers protect gains by selling shares of Darling International on April 13th, 2012 by issuing a Downtrend alert when the shares were trading at $16.40. Since that call, shares of Darling International have fallen 13.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |
