Quarterly Burnings
I didn’t realize this until after the close (since I’m so caught up in other stuff during the trading day), but INTC – – once again!!! – – screwed up and released earnings before the closing bell. (How many times does this make it??) The stock popped huge based on the report, only to have those gains vanish after hours. Strange.
(Click on image to enlarge)
Accounting wizard IBM rolled out their earnings, too, and the result was more straightforward…
(Click on image to enlarge)
Disclaimer: Please read the disclaimer here.
How did you like this article? Let us know so we can better customize your reading experience.
That does not seem like an error, but rather a well-planned part of some insider activity that is probably not legal. Consider that the results were rather predictable.