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No, Apple often outdoes its previous quarterly results, but fails to meet lofty analyst expectations, so its price falls after earnings. Exceeding expectations
by forgetsusername 11y ago
No, 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".