this post was submitted on 28 Oct 2024
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[–] dan@upvote.au 2 points 3 hours ago* (last edited 1 hour ago) (1 children)

The market is wild sometimes. I work for a fairly large company. Sometimes in our earnings reports, we exceed EPS and revenue expectations (which is good of course), but don't exceed them as much as some analysts think we'll exceed them, so the stock goes down. The expectation is that we'll always exceed the expectations lol

[–] scarabic@lemmy.world 1 points 2 hours ago

Yes, and good news about the company can drive the stock price down, if enough people decide that that’s probably a high point for the near future and a good time to sell and take profits.