On Wednesday CKE Restaurants, parent of the Carl's Jr and Hardee's fast-food chains, reported profits that were in line, but revenue fell short of estimates, and its same-store sales continued to decline.
As a result shares tumbled 9 percent in the after hours. How should you trade the results?
Don’t make a move until you hear from CEO Andy Puzder, CKE Restaurants CEO.
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Trader disclosure: On Sept. 16, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (C), (GS), (INTC), (MSFT), (NUE), (BTU); Seymour Owns (AA), (DRY), (BAC), (EEM), (FXI), (RIG), (SBUX); Seymour's Firm Owns (BUD); Najarian Owns (AAPL) & Short (AAPL) Calls; Najarian Owns (ACI) Call Spread; Najarian Owns (BAC) & Short (BAC) Calls; Najarian Owns (C) Calls; Najarian Owns (CUX); Najarian Owns (FCX), Owns (FCX) Put, Is Short (FCX) Calls; Najarian Owns (GE) Call; Najarian Owns (JPM) & Is Short (JPM) Calls; Najarian Owns (JOYG) & Short (JOYG) Calls; Najarian Owns (MS) And Is Short (MS) Call; Najarian Owns (MSFT) And Is Short (MSFT) Call; Najarian Owns (PALM) Calls; Najarian Owns (RIMM) Call Spread; Najarian Owns (TEVA); Najarian Owns (V) & Short (V) Calls; Najarian Owns (WFC) Put Spread; Najarian Owns (YHOO) Calls; Terranova Owns Gold Futures; Terranova Owns Oct, Nov, Dec Crude Contracts; Terranova Is Short Dec 2010, Dec 2012, Dec 2016 Crude Contracts
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