Hacker News new | ask | show | jobs
by jnordwick 3071 days ago
Huh? GE missed eps estimates for 4q2017 ($0.29 vs $0.27). It had positive guidance for 2018, but not many believe them.
1 comments

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.