So, every quarter a public business must release an earnings report. Earnings reports are filed in EDGAR in XBRL XML.
When there appears to be a significant amount of volatility in the share price between those quarterly reports, what do we attribute that to?
Do journalists have more information than is found in XBRL Earnings Reports?
If they do, they have either:
- Estimates of demand
- Insider information which is not yet public
- Intent to sell news articles and move the price up or down
The CEO and CMO must play this game daily.
<taps gauge imploratively while continuing to speak with you>