Hanger Orthopedic Shares Plunged: What You Need to Know
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Hanger Orthopedic (NYS: HGR) plummeted more than 20% in early trading after issued worse-than-expected fourth-quarter guidance. The stock closed off 15.7%.
So what: Third-quarter earnings came in a penny ahead of expectations at $0.46 on $235.2 million in revenue, about $2.5 million short of estimates.
Now what: For Q4, the prosthetic-device specialist expects to earn $0.49 to $0.52 in profit on $243 million to $247 million in revenue. Analysts, by contrast, had been projecting $0.58 a share on $261.9 million in sales. Does the miss matter? Would you buy shares of Hanger Orthopedic at current prices? Please weigh in using the comments box below.
Interested in more information about Hanger Orthopedic? Add it to yourwatchlist.
At the time this article was published Fool contributorTim Beyersis a member of theMotley Fool Rule Breakersstock-picking team. He didn't own shares in any of the companies mentioned at the time of publication. Check out Tim'sportfolio holdingsandFoolish writings, or connect with him onGoogle+or Twitter, where he goes by@milehighfool. You can also get his insightsdelivered directly to your RSS reader.Try any of our Foolish newsletter servicesfree for 30 days. We Fools don't all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.
Copyright © 1995 - 2011 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.