Fourth-quarter revenue was $1.31 billion, down 4 percent compared to revenue of $1.37 billion last year. Fourth-quarter GAAP earnings per share were $1.04. Earnings per share for the fourth quarter of 2007 would have been $1.29 excluding $0.25 per share for restructuring-related activities.
The $0.58 consensus estimate was blown away, and guidance of $0.80-$0.90 for the coming quarter (ex. restructuring charges) was also ahead of the $0.80 consensus. Since I originally recommended the stock, it is down 1.5%, but that compares favorably to the 8.7% decline in the S&P 500.Like this article? Why not try out: