Post Earnings Update: Lender Processing Services Has Trended 10.89% Lower In Past 29 Days (LPS)

Written on Sun, 05/23/2010 – 10:25am
By Chip Brian

When Lender Processing Services (NYSE:LPS) reported earnings 29 days ago on April 22, 2010, analysts, on average, expected the company to report earnings of $0.79 on sales of $595 million.

The company actually reported EPS of $0.80 on sales of $592 million, beating EPS estimates by $0.01 and missing revenues estimates by $3 million.

Since the company’s report, share of Lender Processing Services have fallen from $38.66 to $34.45, representing a loss of 10.89% in the past 29 days.

SmarTrend is bearish on shares of Lender Processing Services and our subscribers were alerted to Sell on May 07, 2010 at $35.31. The stock has fallen 2.4% since the alert was issued.

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