Stock price is not very much affected by profits (unless a projection, which are usually understated, is missed by a lot, and even then it rebounds quickly)
Having worked for a couple fortune 100 corps, usually sales are overstated and profits understated.
any explanation why?
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Public corporations usually do accounting tricks in the opposite direction. They inflate profits to increase the stock price.
Stock price is not very much affected by profits (unless a projection, which are usually understated, is missed by a lot, and even then it rebounds quickly)
Having worked for a couple fortune 100 corps, usually sales are overstated and profits understated.
Probably end of pandemic stuff?
YouTube earnings are down.