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by sokoloff 3071 days ago
Confounding news. Earnings were good; this news is negative.

> The shares rose less than 1 percent to $16.97 ahead of regular trading in New York, erasing a gain of as much as 5.8 percent that followed the announcement of the company’s fourth-quarter earnings.

1 comments

Huh? GE missed eps estimates for 4q2017 ($0.29 vs $0.27). It had positive guidance for 2018, but not many believe them.
If everybody already assumed that they would miss estimates then announcing that you missed estimates won't affect the share price.
If everyone already assumed they'd miss analyst estimates, then what's the point of an analyst?
The company's estimates and outside analyst's estimates are two different things. When they agree then I think the price gets reflected quickly, when they disagree it opens it up for more volatility.