Shares of the big data analytics firm are higher by roughly 10% after a strong third-quarter earnings beat and higher-than-expected guidance for the fourth quarter and fiscal 2015.
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"This was a fabulous quarter," according to Cramer, the co-manager of the Action Alerts PLUS portfolio. It's good to see a company "blow away the numbers" and have the stock "go on a huge run" as a result, he added.
First there was the good, then there was the bad. Genworth Financial (GNW) is the "disaster of the day," he said. Shares are down a whopping 36% following the company's surprise operating loss for the third quarter.
Genworth Financial also revealed a "gigantic shortfall" in the reserves required for its business. The company, which sells long-term care and mortgage insurance, will likely need to raise funds going forward, he reasoned.
People are living longer and caregivers are costing much, much more, Cramer explained. The $531 million shortfall comes as "a shock," he concluded.
-- Written by Bret Kenwell