The Wall St. Cheat Sheet Premium Monthly Newsletter delivered, yet again, another big win toward our strong track record. Yesterday, after-the-bell, our Featured Trade from the March 2010 Premium Newsletter, Atheros Communications Inc (ATHR), issued a phenomenal quarterly earnings report.
Today, Atheros Communications (ATHR) jumped $3.26, or 8.2%, to $43.02 per share on very strong earnings and future outlook. ATHR posted adjusted earnings of $.57 cents per share and revenue of $214.7 million. Analysts polled by Thomson Reuters were looking for an average of $.51 cents per share and revenue of $201.2 million. The wireless networking chipmaker’s big time customers include Apple (AAPL) and Nintendo.
Chief Executive Craig Barrett said on the conference call, “Our success in growing the top line, and more importantly, the design win momentum in each of our sales channels, further validate our hybrid networking strategy and demonstrate our diversification initiatives are paying dividends.”
Atheros Communications (ATHR) projects earnings of $.62 cents to $.67 cents per share, on revenue of $230 million to $240 million, next quarter.
If you are looking for swing trading ideas which include profit targets and stop-loss points, click here to get a free copy of our new and improved Premium service. Our service is a major bargain for what you receive, and the results speak for themselves:
Complete List of Wall St. Cheat Sheet Premium Picks (since inception Nov. 2008)
Closed Feature Trades
12/2008 Mosaic (MOS) = 82.14%
12/2008 Simon Property Group (SPG) = 44.44%
5/2009 Google (GOOG) = 9.75%
10/2009 Gold ETF (GLD) = 15%
12/2009 Google = 3.33%
Open Feature Trades
5/2009 Intuitive Surgical (ISRG) = 141.2%
1/2010 Pet Meds Express (PETS) = 31%
2/2010 Western Digital Corp. (WDC) = 3% (Updated)
3/2010 Atheros Communications (ATHR) = 12.6%