Friday, January 19, 2007

IBM Brightens Tech Outlook - WSJ.com

Um, doesn't this sort of dynamic make "expectations" meaningless?... 

Despite the results, which were stronger than analysts had expected, IBM stock fell 5% in after-hours trading, apparently because investors had hoped results would exceed expectations by a little more, analysts said. After declining 57 cents to $99.45 as of 4 p.m. in New York Stock Exchange composite trading, the shares fell to $94.24 in after-hours trading.

Source: IBM Brightens Tech Outlook - WSJ.com

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