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Stockbridge Sprockets Inc earned $2.25 per share last quarter and $2.50 in the last quarter of 2019. Because of declining demand for sprockets, analysts' consensus
Stockbridge Sprockets Inc earned $2.25 per share last quarter and $2.50 in the last quarter of 2019. Because of declining demand for sprockets, analysts' consensus estimates for the company for this quarter are $190 per share. If the company's actual earnings announcement is $2.00 per share, absent any other news, what would the price of the stock be expected to do following the announcement? Multiple Choice Go Up Go down Go either up or down Remain unchanged There is nothing in the data provided that would cause the stock price to move
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