It All Looks Good At a GlanceBut drill a little deeper and you find JS qualifying the increase in revenues as being the result of higher fixed payments for starting contracts, which means those revs will be falling going forward. The revenues and adj earnings exceeded guidance, but JS sets the guidance bar so low that makes them way too easy to beat in the first place. And GAAP earnings still came in at a slight loss or nil per share in the qtr.
Overall things are headed in the right direction but I'm not joining in on any of the over-exhuberance that's for sure.