DTLK – Datalink Shares Soar 25%+ on Guidance

It says it will beat analysts' forecasts

   

Day Trading 1851 DTLK   Datalink Shares Soar 25%+ on GuidanceOn Tuesday, Datalink (DTLK) released higher-than-expected quarterly earnings and revenue estimates. The news sent DTLK stock surging more than 27% in Tuesday morning trading.

DTLK stock moved above $13 a share after the company forecast fourth-quarter earnings of between 33 cents and 37 cents a share. That was well above its prior estimate of between 24 cents and 30 cents per share of DTLK stock. It also surprised Wall Street, which was looking for a quarterly profit of 26 cents per share of DTLK stock the Associated Press notes.

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Datalink, which will report its results on Feb. 20, also indicated it expected to report revenue of about $174 million for the fourth-quarter. DTLK has previously estimated revenue of between $160 million and $170 million. Analysts had anticipated $164.9 million in quarterly revenue.

DTLK stock climbed to around $14 a share in September, but dropped back to under $11 in October. DTLK stock has gained more than 20% over the past twelve months.


Article printed from InvestorPlace Media, http://investorplace.com/2014/01/dtlk-datalink-shares-soar-25-guidance/.

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