(One-year chart shown, same as Idearc below)
RHD earnings came out today and, based on the response of the stock market today, look pretty much as expected. There was a one-time charge of approx $600MM which put it in negative territory on earnings by approx $300MM, but other than that, they were positive and are making progress on paying down the debt (approx 3% paid off in the period). One potential area for concern is that sales were down 8%, which is an indicator of future revenues. If you're interested in more than approx $s, click the link below.
One interesting point is that RHD stock has been moving in lockstep with Idearc for the last year, and while RHD stock was down 13% yesterday, Idearc was down 40%, so that effect has somewhat lessened (most likely because of the differing results seen from yesterday's report to today's).
Yahoo! Finance Charts
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