WMS Industries (WMS) NewsBite - WMS Earnings Disappoint

WMS Industries (NYSE: WMS) opened at $45.18. So far today, the stock has hit a low of $42.37 and a high of $45.89. WMS is now trading at $43.20, down $4.20 (-8.86%). Over the last 52 weeks the stock has ranged from a low of $15.48 to a high of $50.11. WMS reported earnings yesterday after market close, posting a first-quarter profit of $19.8 million, or 34 cents per share, on revenue of $165.3 million, missing analysts' forecasts of 36 cents per share on revenue of $168.04 million. Technical indicators for the stock are neutral and S&P gives WMS a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on WMS the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 50 range.

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