ARE YOU NEW HERE? NOT LOGGED IN? PLEASE TAKE A MOMENT TO REGISTER FOR AN ACCOUNT AND LOGIN TO REMOVE THIS WINDOW
Welcome to PatsFans.com. Do you have an account? If not - please take a moment to register for our forum and experience a much smoother experience with fewer ads, along with no longer having to see this notification window. Also learn about how you can receive a free Patriots T-Shirt from the Patriots Official ProShop by CLICKING HERE. Please enjoy your stay here, and Go Pats!
The Big Joke: Profits down 40%, but beat expectations!
To me, that line of bullsh1t is the biggest "WTF?" wall street can put out on the street. Who seriously gives a rat's arse if a company can beat analysts' expectations if profits are down 40%?
I seriously think wire services and MSM should just drop anything that comes after "profits down 40%...." in the future. The only reason someone would even say something so stupid is in hopes not too many people decide to drop the stock.
Maybe someone will educate me and convince me I'm wrong, but until then, this kinda propaganda has got to stop.
Here's an example;
AmEx: 24% profit drop, better than forecasts
"NEW YORK (CNNMoney.com) -- American Express reported a 24% decline in earnings for the third quarter Monday. But the results were better than expected, sending shares of the credit card giant significantly higher after hours."
Ok, so analysts forecasted poorer porformance and the stock price dropped before the official announcement. Whent he official announcement is made, the price jumps up because the company performed a little less sucky than predicted....talk about wasted words and action.
DONATE TO PATSFANS.COM
RECEIVE A FREE PATS T-SHIRT AND SAVE 15% OFF WHEN YOU BUY FROM THE OFFICIAL PROSHOP!
Free T-Shirt & Save 15% Off!
Like Our Site? Please help support our site and server costs by DONATING TO PATSFANS.COM and receive a FREE PATRIOTS T-SHIRT and SAVE 15% off EVERY purchase you make from PatriotsProShop.com. You'll also receive added benefits to your account including Removing All Ads During Your Experience Here At Our Forum.
NEEDED YEARLY SITE DONATIONS: 345 | CURRENT # OF SUBSCRIBED SUPPORTERS: 98