We will move on after some bad timing.
But it demonstrates its ability to outperform the market.
The miss was mostly attributable to weak gross margins due to a shift in the products and services mix and we will remain patient with the stock.
The stock will be punished today, but it is still a solid play.
We are not overly focused on near-term profit outlook.
We remain bullish as a diverse play on macroeconomic reacceleration.
The athletic outfitter reported strong second-quarter results this morning that far exceeded Wall Street's expectations.
We will consider buying more shares on a pullback.
But it's a hiccup rather than a transformational failure.
This financial holding surpassed both top- and bottom-line estimates.