Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

If a company announced earnings per share of $1.24 for the quarter when analysts expected earnings of $68, what is the amount of the surprise

If a company announced earnings per share of $1.24 for the quarter when analysts expected earnings of $68, what is the amount of the surprise portion of the announcement?

Please show work.

A. $.42

B. $.56

C. $.32

D. $.51

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics Business And Islamic Finance In ASEAN Economics Community

Authors: Patricia OrdoƱez De Pablos Mohammad Nabil Almunawar , Muhamad Abduh

1st Edition

1799822575,1799822605

More Books

Students also viewed these Finance questions