On worse than expected results, the R2000 lost money on it worst ever net margins (-0.8%) and slowing 5.6% YoY revenue growth in 3Q08. Unusually, sequential revenue actually decreased. 4Q08 expectations, like 3Q08 forecasts, are too optimistic with a -1% YoY revenue decline expected to produced 102% YoY earnings growth on 2.7% net margins. Given the Street forecasts small-cap revenues much more...full article available after login
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