TMCnet News
Post Earnings Update: PharMerica Has Climbed 9.9% Higher in Past 2 Weeks (PMC)May 20, 2013 (SmarTrend(R) News Watch via COMTEX) -- When PharMerica (NYSE:PMC) reported earnings 19 days ago on May 1st, 2013, analysts, on average, expected the company to report earnings of $0.34 on sales of $435.1 million. PharMerica actually reported earnings of $0.42 per share on sales of $439.8 million, beating EPS estimates by $0.08 and beating revenue estimates by $4.7 million. Since the company's report, shares of PharMerica have risen from $12.78 to $14.04, representing a gain of 9.9% in the past 19 days. Over the past year, PharMerica has traded in a range of $9.03 to $15.42 and is now at $14.04, 55% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.2% while the 200-day MA has risen 0.7%. SmarTrend is monitoring the recent change of momentum in PharMerica. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of PharMerica in search of a potential trend change. 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 |