Economics 301
This must be Master's Level economics, so someone smarter than I, please explain:
March 2006 - UPS misses "Street Expectations" by a PENNY ( $.01) and the strock drops over seven dollars, or 11%, and continues to slide for a couple days, from $84 to $66 a share
June 20, 2007, 10:05 AM. According to CNBC, FDX misses "Street Expectations" (no figure given, yet) and the stock CLIMBS two and a half bucks, or 2.11%
This is a big WTF to me. Wall-Street darling-ism, like JBLU????
Thanks,
Rott