Thursday, 3 February 2005 - 8:27 PM CST
Looking closer at your question, you can see how sometimes expectations get ahead of reality. And when reality sets in there is a rude awakening. The earnings ASKJ reported today appear to be quite strong, but apparently after the big Google numbers, investors were disappointed. The stock has sold off further after-hours.
This also reminds me of the action on Starbucks (SBUX), a stock that I do own in my trading account, which announced something like 7% same store sales growth. The company all along has suggested that 5-7% growth was what they were aiming for but because of a couple of huge months previously, expectations got ahead of themselves...and the street was looking for more like 10% same store sales growth...and you know the rest of the story....SBUX dropped $4.43/share today or 8.20% decline!
However, SBUX is trading higher after-hours, while ASKJ continues to sell off.
I hope that answers your question. You probably knew all of that already! Thanks so much for stopping by!