Even thought it came $0.01 short from the $0.03 expected earnings, it dived more likely due to the dovish comments the management team made for Q3 2014.
The company is doing much better than last year and diverting to other markets than PC,but it will need more time before it stabilises.
Also total debt went up from $2.14 billion to $2.21 billion, so that is also worrisome, so at the moment this is a risky stock. Only aim for short term gains I would say.
I expect it to recover back near the $4 but it will take quite some time to reach $4.50+ again.