Surprise! Airbus Just Burned Cash (Yes, Again)
Investors largely forgave Airbus (NASDAQOTH: EADSY) after the European planemaker and Boeing (NYSE: BA) archrival "missed earnings" three months ago. Investors' faith in Airbus's ability to rebound was rewarded last week when Airbus turned in a Q3 earnings report that "beat" on both sales and earnings.
In fact, no sooner had Airbus reported its earnings beat than its stock jumped 4.4%. But over the past week, those gains have eroded, leaving Airbus stock right back where it started before earnings.
So ... were investors right then when they gave Airbus its share price bump, or are they right now to take it away? Let's find out.
Source: Fool.com
