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Day Trader Alert: Big Pre-Market Drops on Guidance (MOLX, STM, VPRT, WSM)

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By Douglas A. McIntyre Updated Published
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Down_arrow_redWe have seen earnings disappointments or guidance disappointments from many companies over the recent weeks.   Molex Inc. (NASDAQ: MOLX), STMicroelectronics N.V. (NYSE: STM), VistaPrint (NASDAQ: VPRT), and Williams-Sonoma (NYSE: WSM) are all trading lower this morning after their earnings and guidance.

Molex Inc. (NASDAQ: MOLX), an electronics component company, slashedguidance due to the weakening trends.  The company took its guidancedown to $0.18 to $0.22 EPS after a $0.04 restructuring item, and tookrevenues down to $750 to $800 million.  First Call estimates were $0.35EPS and $over $851 million in revenues.  Shares are indicated lowerdown to around $13.00 after closing at $14.44 yesterday.  Shares weredown to $12.67 in after-hours trading Tuesday, and the 52-week tradingrange before this was $12.96 to $30.61.

STMicroelectronics N.V. (NYSE: STM) announced that its earnings havenow swung to a loss and announced lower guidance for the comingquarter.  It has not gone out on a limb to call 2009 yet, but so faroverseas trading has this one down.  Shares were trading even worsethan this earlier this morning, but shares are down 3.5% at $8.36pre-market.  Its 52-week trading range is still intact at $7.42 to$17.25.

VistaPrint (NASDAQ: VPRT) is trading sharply lower.   The onlineprinter for marketing materials and business forms slashed guidanceafter yesterday’s close, but its past quarter was stronger thanexpected with a 35% gain in average daily order volume.  Shares areindicated down 16% on this volume at $20.29.  This will mark new recentlows as the 52-week trading range of $20.71 to $48.60.

Williams-Sonoma (NYSE: WSM) is indicated down by roughly 10% pre-marketafter the company issued a strong earnings warning for the second halfof the year.  It now sees a loss for this last quarter and next quarterhas been more than cut in half.  With overly pricey kitchen items, itis obvious that price-conscious consumers are opting to go tocheaper competitors to buy the same items for less.  Its 52-weektrading range may remain intact today as that has been a range of $9.01to $31.88. This was a $45.00 stock back in 2006.

Jon C. Ogg
October 29, 2008

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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