Why EMC Corporation (EMC) Stock Is Slipping Today

NEW YORK (TheStreet) -- EMC Corporation (EMC) stock is sliding early Wednesday after the company reported below-consensus guidance for the full year. 

By market open, shares had slipped 2.3% to $26.14.

The company said for fiscal 2014 it expects adjusted earnings of $1.90 a share and fully-reported net income of $1.29 a share. Analysts had expected adjusted earnings of $1.94 a share and fully-reported net income of $1.48 a share. 

For its March-ending first quarter, the company earned 35 cents a share and generated $5.48 billion in sales. 

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TheStreet Ratings team rates EMC CORP/MA as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:

"We rate EMC CORP/MA (EMC) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, good cash flow from operations, increase in stock price during the past year and increase in net income. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."

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