The Close-Call Co. announced earnings of $2.15 per share for the 1998 fiscal year. The consensus analyst
Question:
The Close-Call Co. announced earnings of $2.15 per share for the 1998 fiscal year. The consensus analyst forecast for 1998 earnings was $2.10.
a. Calculate the forecast error for Close-Call.
b. Explain the expected stock price reaction in response to the better-
than-expected earnings.
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Related Book For 
Financial Management And Analysis (Frank J. Fabozzi Series)
ISBN: 9780471477617
2nd Edition
Authors: Frank J. Fabozzi, Pamela P. Peterson
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