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Marta_Voda [28]
3 years ago
13

Company X was expected to have earnings per share of $0.52 for the upcoming quarter. On the day of the results, the company repo

rted earnings per share of $0.83. What happened to the share price when the stock market opened?
Business
1 answer:
inn [45]3 years ago
3 0

Answer:

Rise in stock price.

Explanation:

In general, the stock price has increased because the expected earning was $0.52 per share but the actual earnings were $0.83. therefore, we can say that stock prices have increased. moreover, there are other factors that may affect the stock price. But in this case. A positive surprise in the earnings per share results in stock price going up.

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