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by AznHisoka 3071 days ago
https://investorplace.com/2017/11/workday-inc-wday/#.WmioNOi...

Workday beated estimates by over 50%, yet shares fell. I can give a lot more examples...

Lots of investors also sell when earnings beat estimates because they think they'll be selling high, etc. Point is there are tons of factors and it is way too simplistic to say beating earnings = price increase on that day.
2 comments
dagw 3071 days ago
There are two estimates you need to consider. The official estimate and the 'secret' estimate that investors really think you should beat. Although most people focus on the first one, it's only the second one that really counts.

Point is there are tons of factors and it is way too simplistic to say beating earnings = price increase on that day.

Absolutely agree.

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mikestew 3071 days ago
Workday beated estimates by over 50%, yet shares fell. I can give a lot more examples...

Par for the course for AAPL at earnings time for many years, not so much recently. Beat earnings, but didn’t beat the “whisper number”.

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