Hi everybody,
I am new to the stock exchange market so I hope you might clear some of the fog I am encountering
Citrix reported its third quarter earnings results yesterday and to my opinion this was a very good report.
For the full report see http://www.marketwatch.com/News/Story/Story.aspx?guid=%7B27c88149%2Df737%2D4d4a%2D8a8f%2De8579334b1a7%7D
So if this was a good report why does Citrix fell 20% right after the trading day started?
What am I missing here??
2006-10-20 00:16:29 · 2 answers · asked by Micron 2 in Business & Finance ➔ Investing
Every stock has earnings and analysts all look for different things. The most important is the earnings per share. They have estimates and if they miss the estimates then a lot of people sell the shares. There are a lot of services out there that will give you the estimates. Yahoo Finance is good. I listed an article that might help even more.
2006-10-20 03:35:22 · answer #1 · answered by TyT 1 · 0⤊ 0⤋
Their earnings didn't beat analyst estimates. Besides, good earnings don't necessarily means that the stock will go up. It all depends on the trading volume.
2006-10-20 07:35:33 · answer #2 · answered by c00kies 5 · 0⤊ 0⤋