Holt Hardware, Inc. will be announcing their 3rd quarter 2022 quarterly earnings in 2 days. The market is expecting (consensus estimate) that they will be announcing earnings of $2.20 per share. A year ago (3rd quarter of 2021) the company earned $3.00 per share. Finally, the earnings announcement day has come, and the company announces that it earned $2.30 per share in the 3rd quarter of 2022. Absent any additional news, and just based on this announcement, what would the price of the stock be expected to do?

answers

go up

go down

remain the same