In 2018 Hormel announced that its earnings rose from $.39 per share in the first quarter of 2017 to $44 per share in first quarter of 2018. Microsoft announced earnings of S.96 por share for the quarter, a 12 percent increase over the previous year. And Okta announced that it lost $26 million in the most recent quarter. Hormel's stock price dropped about 1 percent, Microsoft's stock price dropped about 2 percent, and Okla's stock price jumped more than 3 percent. Only the unexpected, or surprise, part of an announcement matters. In Hormel's case, even though the company's earnings had grown about 13 percent to $.44 per share, analysts'estimates for the stock pogged EPS at $ 45, so the company came in below expectations. In Microsoft's caso, even though the company had exceeded analysts' estimates, the company was trading at high valuations, with high PE and EVEBITDA multiples, 60 the oamings "beat was not enough to impress investors, who were expecting even better numbers. And while Okta reported a loss for the quarter, the loss was only $.09 per sharo, much better than the expected S.16 per share In 2018 Hormel announced that its earnings rose from $.39 per share in the first quarter of 2017 to $44 per share in first quarter of 2018. Microsoft announced earnings of S.96 por share for the quarter, a 12 percent increase over the previous year. And Okta announced that it lost $26 million in the most recent quarter. Hormel's stock price dropped about 1 percent, Microsoft's stock price dropped about 2 percent, and Okla's stock price jumped more than 3 percent. Only the unexpected, or surprise, part of an announcement matters. In Hormel's case, even though the company's earnings had grown about 13 percent to $.44 per share, analysts'estimates for the stock pogged EPS at $ 45, so the company came in below expectations. In Microsoft's caso, even though the company had exceeded analysts' estimates, the company was trading at high valuations, with high PE and EVEBITDA multiples, 60 the oamings "beat was not enough to impress investors, who were expecting even better numbers. And while Okta reported a loss for the quarter, the loss was only $.09 per sharo, much better than the expected S.16 per share