Accentuating the caveat emptor perspective with critical commentary on financial disclosure. I adopt a skeptical persona and look for chinks in the teflon coating of financial disclosure. My job is to identify financial warts. Perhaps a Black Swan. Disclosure: I do not hold positions in stocks mentioned for three trading days before or after blog post.
Wednesday, July 05, 2006
NetScout Bleeds Out Bad (Real) News
NetScout Systems, Inc. (NASDAQ: NTCT), announced that based on preliminary estimates it expects revenues for the first fiscal quarter, ending June 30, 2006 to be in the range of $23 to $24 million and net income per diluted share to be in the range of $0.03 to $0.04. We are disappointed by our preliminary results for the first fiscal quarter…." said Anil Singhal, President and CEO of NetScout Systems. The company will hold a conference call on July 6 to discuss preliminary numbers but will actually report real numbers on July 26 well after the preliminary numbers have been analyzed but when many are away on holiday.