So if memory serves correct...we settled with the likes of sony for 220 mill. Took half the charge q2 and taking the other half charge q3.
If they had taken the whole charge q2 maybe it would have been enough to come in lower than expected eps...hence the split on taken half then, half now.
Think numbers will be blowout, but that charge of 110 million keeps us in check...we meet not beat as usual.
My call is that presuming we hold the 3.95 level end of close on Wednesday, then a + .05% move to the upside from there gets us to 4.14/4.15 area. Of course if they announce hs news signing in conjunction then we hit 4.20 - 4.25 before pulling back.
The way i am playing this is wherever we sit wendsday at close (hopefully 3.95 or higher) i will be expecting a .05% move before sellers come in. Look to pre mrkt am of cc for your best bet to get that +.05% price.
That' s my game plan.