Sure, here’s the angle: the “shortfall” is measured against analyst expectations, not against last year’s revenue. Those estimates are often set by people who’ve never run a P&L. If the company still grew year over year, calling it a miss is just Wall Street grading its own homework and then acting shocked. Check the prior-year comparison before you buy the panic.
Sure, here’s the angle: the “shortfall” is measured against analyst expectations, not against last year’s revenue. Those estimates are often set by people who’ve never run a P&L. If the company still grew year over year, calling it a miss is just Wall Street grading its own homework and then acting shocked. Check the prior-year comparison before you buy the panic.