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Apple often beats expectations and trades lower after the earnings call.
by blumkvist 11y ago
Apple often beats expectations and trades lower after the earnings call.
- forgetsusername 11y agoNo, Apple often outdoes its previous quarterly results, but fails to meet lofty analyst expectations, so its price falls after earnings. Exceeding expectations with a price drop afterwards is inexplicable.
- dnr 11y agoI think I remember that happening to Google at least once. There are expectations and "expectations". Analysts' published expectations are often different than the ones they believe privately, and the expectation might be to exceed the "expectation".
- dragonwriter 11y agoBeating published analyst expectations isn't the same as beating the actual expectations of investors. One might reasonably expect the actual market expectations to be loosely correlated with analyst's published expectations, and they probably are, but its probably only loosely correlated.