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Some stocks are performing better than average (e.g. Netflix shares jumped 13% after announcing earnings) while others are performing worse (e.g., Snap shares fell 28% after announcing earnings ...
In financial economics and accounting research, post–earnings-announcement drift or PEAD (also named the SUE effect) is the tendency for a stock’s cumulative abnormal returns to drift in the direction of an earnings surprise for several weeks (even several months) following an earnings announcement.
The first article here is an example of an unusual preannouncement of bad news about expected government action.; Companies trading in the U.S. are required to preannounce stock buyback programs before they begin buying shares, and then to report on such programs in their quarterly and annual filings.
U.S. stocks jumped in early trading, then zigzagged throughout the day. The broad S&P 500 closed down 13 points, or 0.2%, after trading as low as 0.9% lower midday.
The same applies in reverse for securities that have recently fallen in value. One explanation is the so-called post-earnings announcement drift, which assumes that investors initially do not fully price in the higher enterprise value after the announcement of better-than-expected earnings figures. The share price only rises gradually with a ...
After hours, the market moved dramatically on more earnings reports from Honeywell, Capital One and others. S&P 500 : 5,809.86 ⬆️ up 0.21% Nasdaq Composite : 18,415.49 ⬆️ up 0.76%
Microsoft reported its fiscal first quarter earnings after the bell on Wednesday, beating on the top and bottom lines on the strength of its cloud business.Microsoft stock was down 5% in early ...
The stock was up 12% in after-hours trading at the conclusion of the call with analysts. Elon Musk expects Tesla to receive regulatory approval for autonomous rides in California and Texas next year.