Why might the price of a stock react only partially to an earnings surprise on the first

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Why might the price of a stock react only partially to an "earnings surprise" on the first day or two after the earnings announcement?

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Fundamentals of Investments

ISBN: 978-0132926171

3rd edition

Authors: Gordon J. Alexander, William F. Sharpe, Jeffery V. Bailey

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Question Posted: Mar 16, 2016 02:56 AM

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Why might the price of a stock react only partially to an earnings surprise on the first

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The most likely explanation for the slow reaction of stock prices to earning...View the full answer

Fundamentals of Investments

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