Chicago Corporation is a publicly traded company which recently released the following information on its earnings:Earnings per share (EPS) from continuing operations for the fourth quarter was $0.40. It's stock price increased by 4% after the earnings announcement. This suggests that Question 33 options: a) analysts/the market had expected the loss per share to be exactly $.40 b) analysts/the market had expected the earnings per share to be less than $.40 per share. c) The company's stock will probably decrease in value tomorrow. d) analysts/the market had expected the earnings per share to be greater than $.40

Solution Concept If the earning per share is less than the analysts expected earning per share then…

Answered: Chicago Corporation is a publicly…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Chicago Corporation is a publicly traded company which recently released the following information on its earnings:

Earnings per share (EPS) from continuing operations for the fourth quarter was $0.40. It's stock price increased by 4% after the earnings announcement. This suggests that

Question 33 options:

a)	analysts/the market had expected the loss per share to be exactly $.40

b)	analysts/the market had expected the earnings per share to be less than $.40 per share.

c)	The company's stock will probably decrease in value tomorrow.

d)	analysts/the market had expected the earnings per share to be greater than $.40

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