Hey all, I have started looking into the stock market recently, so kindly excuse if my question is silly or dumb.
I have seen multiple companies who show up as they "beat analyst expectations" but still they end up 8% or 9% down the next day.
Ideally, if the company has beat analyst expectations, it means they performed better than what was expected which would show how good a company is doing. But clearly I am missing out on understanding something as the stock price on the next day states otherwise.
Can someone please explain this to me? Thanks a ton in advance.
[link] [comments] https://www.reddit.com/r/stocks/comments/13r9z7u/beating_expectations_vs_stock_y/
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