Earnings Example - Sycamore Networks, Inc. (Public, NASDAQ:SCMR)

Sycamore announced earnings of 0.05 versus First call consenses of -0.09 on September 02, 2010. The previous quarter EPS change was -125 and Sales change of -37 percent, not so great. With an earnings surprise of 156%, low float, and a month sideways move it looked like a good setup. Looking back  five years, the daily volume hit an all time high on the day of the earnings announcement.

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