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Stock Returns, Aggregate Earnings Surprises, and Behavioral Finance
We study the stock market reaction to aggregate earnings news. Previous research shows that, for individual firms, stock prices react positively to earnings news but require several quarters to fully reflect the information in earnings. We find that the relation between returns and earnings is substantially different in aggregate data....
Tags: Stock, Earnings, Earnings New, Investment, Financial Accounting, Finance
White papers 2003-02-01

Additional Resources

Waste Industry Briefs.(LKQ Corp sales and earnings)(new facilities of IFCO Systems )(Schnitzer Steel Industries Inc sales and earnings)
Recycling LKQ buys firms, enters new markets Vehicle parts recycler LKQ Corp. is making several acquisitions that will add about $24 million in annual revenue for the Chicago-based company. The...
Tags: IFCO Systems N.V., LKQ Corp.
Research articles 2006-07-17
Blue chips shine on earnings, new US data
NEW YORK AFP — Blue-chip shares added to early gains in New York, boosted by a pullback in the price of oil, positive income and factory data, and better-than-expected earnings from Comcast. The Dow Jones Industrial Average was up 55 points to 10,678 at midday and the tech-heavy Nasdaq...
Tags: Agence France-Presse, Chevron Corp., chip, Comcast Corp., earnings, FINANCE, HARDWARE, Semiconductors, stock, Unocal Corp.
Research articles 2005-08-02
Colgate Previews Third Quarter Earnings.
Colgate Previews Third Quarter Earnings NEW YORK, Sept. 20, 2004 -- Colgate-Palmolive Company today announced that the Company's worldwide unit volume and market shares are growing and above expectations, but the increased mark ...
Tags: Colgate-Palmolive Co., Company
Research articles 2004-09-20
Converse seen posting higher sales, earnings.
Converse seen posting higher sales, earnings NEW YORK - On the eve of the 75th anniversary of its Chuck Taylor All Star and the introduction of a performance technology, Converse Inc., North Reading, Mass., is rallying and will record increased sales and earnings for...
Tags: earnings, FINANCE, Ford Motor Co., performance, SALES
Research articles 1992-01-13
Edo Corp. sees 39% jump in earnings for past year
Edo Corp. reported record revenues for 2003 and a 39 percent increase in net earnings. New York-based Edo Corp. has its Edo Electro-Ceramic Products and Edo Fiber Science business segments based in Salt Lake City. The company reported that its 2003 revenue was $460.7 million, up...
Tags: EDO Corp.
Research articles 2004-02-20
IPL Energy Announces Strong 1st Quarter Earnings, New Focus on Energy Services
CALGARY, Alberta--BUSINESS WIRE--May 1, 1997--IPL(ME, TSE IPL., NASDAQ IPPIF.) IPL Energy Inc. today announced earnings of $57.0 million for the three months ended March 31, 1997, an increase of 25 percent from the $45.7 million for the first quarter of 1996. On a per share basis, earnings increased to...
Tags: New Focus
Research articles 1997-05-01
Computer Automation Systems Inc. Announces Six Month Earnings; New Product Development Affects Results
Business Editors & High-Tech Writers PLANO, Texas--BUSINESS WIRE--Sept. 1, 2000 Computer Automation Systems Inc. ("CASI")(OTCBB:CASX.OB), a telecommunications industry systems integrator, today announced its second quarter and six month sales and earnings figures. Mike Cherry, president and CEO of Computer Automation, announced that the Company's results were affected...
Tags: Computer Automation Systems Inc.
Research articles 2000-09-01
Stock Watch: No magic potion among Pfizer's drugs; Street seeks sales growth, not just high earnings; new products needed.(Brief Article)(Statistical Data Included)
Sometimes, good news just isn't good enough, even when the bearer of it is Pfizer Inc. Though the Manhattan-based pharmaceutical colossus delivered strong first-quarter earnings last week, investors were not impressed. They pushed down the stock $1.5 Sometimes, good news just isn't good enough, even when...
Tags: Pfizer Inc., sales, stock
Research articles 2001-04-23
Lotus Stock Drops 28 Percent On News of Earnings, New Microsoft Software. (Originated from The Boston Globe)
Jun. 22--It was a stampede. And when the dust cleared, Lotus Development Corp. was left reeling. Investors fled Lotus stock yesterday, shocked by bad earnings news late Monday and fearing Lotus is losing ground in its sales war with dominant Microsoft Corp. Lotus' stock lost 28...
Tags: Boston Globe, earnings, FINANCE, IBM Corp., Investment, Microsoft Corp., SALES, software, stock
Research articles 1994-06-21
BeautiControl Announces First Quarter 2000 Earnings and Leading Edge Beautinet.com and Beauticontrol.com Internet Sites
Business Editors DALLAS--BUSINESS WIRE--March 21, 2000 BeautiControl, Inc. (Nasdaq:BUTI), a Dallas-based direct sales marketer and manufacturer of cosmetics-related products and nutritional supplements reported on first quarter 2000 earnings, new products and technologically advanced e-commerce introductions. BeautiControl reported first quarter 2000 sales of $15,937,425 and income of $982,469...
Tags: Beauticontrol Inc.
Research articles 2000-03-21
Earnings: New Subscribers Boost Netflix's Profits By 48 Percent
Netflix (NSDQ: NFLX) continues to reap the benefits of an economy that’s making consumers more apt to find cheap sources of entertainment at home. The movie rental company added 510,000 new subscribers over the course of Q3, with total subscribers up 28 percent-year-over-year. That’s up 5 percent vs. the...
Tags: Revenue, NetFlix Inc., Subscriber, Earnings, Operational Accounting, DVD, Consumer Electronics, Finance, Personal Technology, Home Entertainment, Entertainment, Movies, Money, Tameka Kee
External links 2009-10-22
Wells Fargo Q2 2007 Earnings Call Transcript
Earnings Call ExcerptWells Fargo & Co. WFC Q2 2007 Earnings Call July 17, 2007 8:00 am ET Executives Bob Strickland - SVP & IR Howard Atkins - Sr. EVP & CFO Presentation Bob Strickland Hello, this is Bob Strickland. Thank you for calling into the Wells Fargo Second Quarter...
Tags: Wells Fargo & Co.
Earnings calls 2007-07-17
Tidewater Inc. F2Q08 (Qtr End 9/30/07) Earnings Call Transcript
Earnings Call Excerpt Tidewater Inc. TDW F2Q08 Earnings Call October 26, 2007, 9:00 AM CT Executives Dean E. Taylor - Chairman, President and CEO J. Keith Lousteau - CFO, EVP and Treasurer Joseph M. Bennett - Sr. VP, Principal Accounting Officer and Chief IR Officer Stephen W....
Tags: Tidewater Inc.
Earnings calls 2007-10-28
American Capital Strategies Ltd. Q3 2007 Earnings Call Transcript
Question-and-Answer SessionOperator [Operator Instructions]. And our first question comes from the line of Sanjay Sakhrani of KBW. Please go ahead. Sanjay Sakhrani – Keefe, Bruyette & Woods Hi. Thanks for taking my question. Just a quick question on the ’08 dividend guidance, how much of the...
Tags: American Capital Strategies Ltd.
Earnings calls 2007-11-02
Caterpillar Inc. Q3 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Ladies and gentlemen, the floor is now open for questions. [Operator Instructions]. Our first question today is coming from Ann Duignan. Please announce your affiliation and then pose your question. Ann Duignan - Bear, Stearns & Co. Inc. Hi, good morning, it's...
Tags: Caterpillar Inc.
Earnings calls 2007-10-19
The Bank of New York Mellon Corporation Q3 FY07 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. [Operator Instructions]. Our first question comes from Glenn Schorr with UBS. Please go ahead. Glenn Schorr - UBS Hey guys. Robert P. Kelly - Chief Executive Officer Good morning Glenn. Glenn Schorr - UBS so I guess it's...
Tags: Asset, Asset Management, Bank Of New York Mellon Corp., Business, Business Operations, Business Win, Call Transcript, CEO, CFO, Deutsche Bank AG, DR Business, Earnings, Executive, Finance, Fox-Pitt, Merrill Lynch & Co. Inc., Operational Accounting, Operational Planning, Performance, Performance Fee, President, Quarter, Question, Revenue, Revenue Synergy, Seeking Alpha, Well, Yes
Earnings calls 2007-10-18
Cytec Industries Inc. Q3 2007 Earnings Call Transcript
Question-and-Answer Session Operator Thank you. [Operator Instructions]. And we’ll take our first question from Steve Schuman from New Vernon Associates. Steve Schuman - New Vernon Associates Hi. Good morning, guys. David Lilley - Chairman, President and Chief Executive Officer Good morning,...
Tags: Cytec Industries Inc.
Earnings calls 2007-10-20
Boeing Co. Q3 2007 Earnings Call Transcript
Question-and-Answer SessionOperator [Operator Instructions]. Our first question... one moment. Our first question comes from Cai von Rumohr of Cowen & Co. Cai von Rumohr - Cowen & Co. Yes. If you would give us a little more detail the unit cost margin, looks like was kind...
Tags: Boeing Co.
Earnings calls 2007-10-25
Fiat SpA Q3 2007 Earnings Call Transcript
Question-and-Answer SessionOperator Thank you. Ladies and gentlemen, today's question and answer session will be conducted electronically. [Operator Instructions]. Our first question today comes from Massimo Vecchio of Mediobanca. Please go ahead. Massimo Vecchio - Mediobanca Securities Good afternoon to everybody. I have a question on Fiat...
Tags: Brand, Branding, Brazilian, Business, Buyback, Call Transcript, Car, CEO, CNH, Earnings, Europe, Fact, Fiat, Issue, Iveco, J.P. Morgan Chase & Co., Manpower Utilization, Market, Marketing, Q3, Q4, Question, Seeking Alpha, Term, U.S., Volume
Earnings calls 2007-10-25
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