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Leigh Baldwin & Co.

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Diamonds and Dogs

8/1/12

Digital River Inc. (DRIV)

Digital River lead investors over a waterfall today, down 20.10% at $14.21. Shares of the e-commerce and marketing solutions plummeted after the company's quarterly results and guidance came in below Wall Street expectations. Digital River missed slightly on revenue, announcing $90.77 million versus the consensus of $93.4 million. Along with this the company lowered its full year guidance significantly. Management now estimates an adjusted EPS of $0.96-$1.08 on revenue of $378 million to $380 million, well below Wall Street's view of $1.22 and $405.9 million. Digital River saw its shares drop near its 52-week low (shares are around $0.50 from the low). It seems that this summer's hot weather has dried up this river.

RTI International Metals Inc. (RTI)

RTI International Metals is shining today, up 12.80% at $25.32. Shares of the titanium producer bounced up after the company released an impressive earnings report. On growth in the aerospace and energy markets the company saw profit more than double in the second quarter compared to a year ago. For the quarter ended June 30 RTI reported profit of $5.2 million, or 17 cents per share, up from $2.1 million, or 7 cents per share, in the year ago period. Sales for the quarter were up 54 percent to $190.3 million. CEO Dawne Hickton said, "Overall, RTI at midyear presents the picture of a financially strong and growing company. In terms of our important end markets, the only slowdown impacting RTI is expected cutbacks in defense spending." RTI had a unbreakable earnings report, boosting the stock into the middle of its 52-week range.
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