GES shares are lower by over 4.5% this morning after the company issued disappointing guidance for Q1 and 2014. GES issued EPS guidance in the range of $0.05-0.10 when the analyst community was expecting $0.29. In related news, Wedbush Securities maintained a buy on GES shares, even after the gap down today.
JBL shares are currently down about 4.4%. The firm missed by roughly a penny, but the forward guidance is really why Wall Street is selling. For Q3, the firm expects revenues in the range of $4.3 to $4.5 B and EPS between $0.50-0.58. The analyst community was expecting $0.61 and 4.51B.
