When a company says they are reporting earnings after Market Close.. say 8:00 PM EST.. are they doing this because they are reporting bad news, and know the price will drop if they report earlier, so put off as late as possible? If not, why report late? Just trying to understand fundamentals a little better here, so any real help would be appreciated.
Earnings calls
- Thread starter uninvitedguest
- Start date
1) By reporting after the close, there is more time for the market to absorb the news before the next day's trading.
2) It would be "better" to report the news 30 minutes before the opening so that followthru trading activity will take place during the day-session instead of overnight.
2) It would be "better" to report the news 30 minutes before the opening so that followthru trading activity will take place during the day-session instead of overnight.