Wednesday, November 2, 2011
ARC will release its earnings results right after the close of the stock market today.
Inasmuch as ARC operates the largest "AEC" reprographics business in the U.S. (and in the world), ARC's results have to be considered a good reflection of how things are going in the reprographics business and industry, country-wide.
If you go to the investor page on ARC's web-site (at e-ar.com), you'll find instructions how to join, and listen in, on the "earnings call", that will take place this afternoon. If you've never done this before, you'll find doing it to be an interesting and educational experience. Listen to the questions that analysts ask and then figure out what questions they did not ask that they should have asked.
If you miss out on listening to the live earnings call this afternoon, then a written transcript of the earnings call will likely be up by tomorrow morning on www.seekingalpha.com
UPDATE AT 3:32 P.M.....
HEAVY TRADING IN ARC'S STOCK TODAY, PRIOR TO THE ANNOUNCEMENT OF ARC'S Q3 RESULTS. MORE THAN 430,000 SHARES HAVE TRADED, SO FAR TODAY, THAT'S ABOUT 3.5 TIMES ARC'S AVERAGE DAILY TRADING VOLUME. PRICE OF THE STOCK IS UP AROUND 2.3% TODAY. I THINK THIS MEANS THAT BUYERS ARE ANTICIPATING GOOD RESULTS - PERHAPS A REVENUE SURPRISE AND/OR AN EPS SURPRISE ON THE UPSIDE. WEL'L SEE .... ARC due to release its Q3 results in about 25 minutes.
UPDATE AT 3:55 P.M....
ARC'S STOCK UP OVER 5% ONTHE DAY, NOW AT $4.34
Posted by Joel Salus at 10:33 AM