ABC Co$.$ just announced yesterday that its fourth quarter earnings would be $35\%$ higher than last year's fourth quarter. You observe that ABC Co$.$ had an abnormal return of $-1\mathrm{.}7\%$ yesterday. If the market is efficient, a possible explanation could be that

Group of answer choices

ABC's stock will probably rise in value tomorrow.

investors missed this information.

investors expected the earnings increase to be smaller than what was actually announced.

investors expected the earnings increase to be larger than what was actually announced.