Must be alot of bad math people on Wall Street.
Why? Because if they were good at Math then TSTC would be over $20/shr based on TSTC saying it re-affirms $70M for 2009 Sales.
Do the math, they reported $38.9M in sales thru 9 months.
$70M - $38.9M = $31.1M for 4th qtr.
That amounts to roughly .80 eps for 4th qtr using similiar profit margins to last qtr.
What helps 4th qtr so Dramatically? Sales in the America's
The U.S. Federal Communications Commission Approved WFDS(TM) Technology Developed by Telestone Technologies CorporationApproval allows Telestone to market and sell 3G Access Network Products and Services in the United States and the Americas Press Release
Source: Telestone Technologies Corporation On 8:00 am EDT, Tuesday October 20, 2009Link to article