So the finance media is all about expectations I guess. Goldman reported income of $2.79b down 48%. Revenue was down 23% to $11.86 b .
But since the geniuses in the financial media expected $6.58 per share earnings and got $7.73 they consider it a win and break out the champagne.
I assume the decrease was priced into the stock since it's down 34%from the Novenber highs. To me though, a company's value is in a rising operations trend, not a saw tooth pattern of ups and downs.
Also is a sad thing when the media and the public companies play the game of issuing low estimates and the companies beat them, counting it a win.
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