As we saw again this quarter, earnings announcements can have significant impacts on stock valuations—at least over the short term. Investors reward companies (such as Apple and Kimberly-Clark) whose current performance or guidance for the future exceeds market expectations, and they punish companies (as they did Starbucks and Procter & Gamble) whose performance or guidance fails to meet expectations.
Providing Earnings Guidance? Think Again
As we saw again this quarter, earnings announcements can have significant impacts on stock valuations—at least over the short term. Investors reward companies (such as Apple and Kimberly-Clark) whose current performance or guidance for the future exceeds market expectations, and they punish companies (as they did Starbucks and Procter & Gamble) whose performance or guidance […]
May 04, 2012
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New!
HBR Learning
Finance Essentials Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Finance Essentials. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Strengthen your fluency in financial statements.