Is there information in an
earnings announcement delay?
Previous studies on
earnings announcement timing focus on stock market reaction to firms whose
earnings announcements are delayed (for example, Chambers and Penman [1984]; Kross and Schroeder [1984]).
We examine this issue by evaluating return-based and volume-based metrics in
earnings announcement periods.
NEW YORK-WestPoint Stevens made a surprise
earnings announcement last week, saying the company will miss Wall Street expectations for the third quarter.
This is consistent with the findings in French and Roll (1986) that trading reveals private information.(32) Thus, our results suggest that both the public announcement itself as well as revelation of private interpretations of the news through post-announcement trading contribute to the observed immediate price movements following an
earnings announcement.
Here is Benzinga's everything-that-matters guide for the Q2
earnings announcement.
The company will conduct a conference call at 8:30am Eastern, following the release of its
earnings announcement.
The
earnings announcement is scheduled for release shortly after the stock markets close on the previous day, Wednesday, November 7, 2018.
Our study involved an investment scenario in which subjects made investment assessments about the
earnings announcement for Company X, a publicly traded company.
Even though it reported a $5.1 billion fiscal year net loss for 2015, there are some bright spots mixed into the recent
earnings announcement from the United States Postal Service (USPS).
"With local
earnings announcement season also fast approaching, we expect the index to go sideways with a bullish bias as investors anticipate ahead of (US) Fed (Federal Reserve) Chair (Janet) Yellen's speech and local corporate earnings releases," AB Capital Securities said in a research note.
11 November 2013 -- Ohio USA-based bank holding company Ohio Valley Banc Corp (NASDAQ: OVBC) said it has revised its consolidated net income for the quarter ended September 30 2013 to USD 1.061m from USD 1.407m reported in the October 24 2013
earnings announcement.
