3 ms·
Nokia punished by markets for only posting 25% profit in Q1 (wtf?)
- sdurkin 19y agoMarkets deal with expectations. The market price had profits of greater than 25% "built-in." When Nokia failed to meet this expectation, the price dropped.
- nazgulnarsil 19y agoexactly. we don't have an efficient market (see the efficient market hypothesis) but it averages out to be pretty close.