These 3 Companies Just Crushed Earnings But Their Stocks Fell Anyway
If you want to predict what a stock is going to do in the short term, perhaps try flipping a coin. A 50-50 coin flip is about what your odds are for accurately and consistently forecasting a stock's movements day to day. However, over longer time periods, financial results can be a strong indicator of the future price per share. That's why I pay attention when companies are reporting financial results, as many companies are doing right now.
A stock price is strongly influenced by financial results. But stocks don't always go up immediately following a good report. Sometimes stocks get hammered even when they report good results, and indeed, that's what happened with Pinterest (NYSE: PINS), iRobot (NASDAQ: IRBT), and Skillz (NYSE: SKLZ) stocks. Here's why their first-quarter reports were good and what investors should expect now.
Source Fool.com