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Shares of Respironics (RESP) are down sharply this morning. The company reported earnings of 33 cents a share, which beat by three cents, but sales came in below expectations. The stock is currently down 6.6%. Perhaps I'm missing something, but I don't see the reason for the harsh reactions.

The company is looking for profits of 42 cents to 43 cents a share for the December quarter, and $1.73 to $1.77 for next year.

The good new today is that Varian Medical (VAR) is up sharply on its earnings new. On Tuesday and Wednesday, the stock dropped sharply. Nothing ends a sell off like a positive earnings report.

Lastly, Yaser Anwar takes a look at Fiserv (FISV) and likes what he sees.

Posted by edelfenbein at October 26, 2006 10:38 AM