On November 10, 2010, Cisco’s stock price dropped 16%, erasing roughly $20 billion of market value in a matter of hours. Had something catastrophic happened? No. In fact, this stock market bellwether had just beat earnings estimates by 6%. The problem? They reported $0.42 for the quarter, just barely clearing the consensus estimates of $0.40.
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On November 10, 2010, Cisco’s stock price dropped 16%, erasing roughly $20 billion of market value in a matter of hours. Had something catastrophic happened? No. In fact, this stock market bellwether had just beat earnings estimates by 6%. The problem? They reported $0.42 for the quarter, just barely clearing the consensus estimates of $0.40. […]
January 11, 2011
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New!
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HBR Learning
Feedback Essentials Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Feedback Essentials. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Give feedback that your employees can hear and use.