Brightpoint Shares Got Destroyed: 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 Brightpoint (NAS: CELL) got destroyed today, down by as much as 19%, after the company reported earnings last night.

So what: Fourth quarter revenue totaled $1.56 billion, with earnings per share of $0.34. Both figures topped the market's expectations, which called for $1.39 billion in sales and a $0.33 per share profit.

Now what: CEO Robert Laikin said the company is well positioned to benefit from smartphone trends within the broader wireless industry, as it provides device-lifecycle services. What's really weighing on investors is that the company cut its fiscal year 2012 earnings outlook. It lowered its adjusted earnings-per-share forecast from between $1.08 to $1.20 to a new range of $1.07 to $1.17.

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At the time this article was published Fool contributorEvan Niuholds no position in any company mentioned.Click hereto see his holdings and a short bio. Try any of our Foolish newsletter servicesfree for 30 days. We Fools may not all hold the same opinions, but we all believe thatconsidering a diverse range of insightsmakes us better investors. The Motley Fool has adisclosure policy.

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