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2- Which best describes the post-earnings announcement drift phenomeno.pdf

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2. Which best describes the post-earnings announcement drift phenomenon? A. Stocks with positive earnings perform poorly on earnings announcement dates and then recover; stocks with negative earnings perform well on earnings announcement dates and then perform poorly B. Stocks with positive earnings perform well on earnings announcement dates and then continue to do relatively well in the future; stocks with negative earnings perform poorly on earnings announcement dates and then continue to do relatively poorly C. Stocks with positive earnings surprises/news perform poorly on earnings announcement dates and then recover; stocks with negative earnings surprises/news perform well on earnings announcement dates and then perform poorly D. Stocks with positive earnings surprises/news perform well on earnings announcement dates and then continue to do relatively well in the future; stocks with negative earnings surprises/news perform poorly on earnings announcement dates and then continue to do relatively poorly E. There is no difference in the performance of positive earnings surprises/news stocks and negative earnings surprises/news stocks on earnings announcement dates.

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2. Which best describes the post-earnings announcement drift phenomenon? A. Stocks with positive earnings perform poorly on earnings announcement dates and then recover; stocks with negative earnings perform well on earnings announcement dates and then perform poorly B. Stocks with positive earnings perform well on earnings announcement dates and then continue to do relatively well in the future; stocks with negative earnings perform poorly on earnings announcement dates and then continue to do relatively poorly C. Stocks with positive earnings surprises/news perform poorly on earnings announcement dates and then recover; stocks with negative earnings surprises/news perform well on earnings announcement dates and then perform poorly D. Stocks with positive earnings surprises/news perform well on earnings announcement dates and then continue to do relatively well in the future; stocks with negative earnings surprises/news perform poorly on earnings announcement dates and then continue to do relatively poorly E. There is no difference in the performance of positive earnings surprises/news stocks and negative earnings surprises/news stocks on earnings announcement dates

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  • 1. 2. Which best describes the post-earnings announcement drift phenomenon? A. Stocks with positive earnings perform poorly on earnings announcement dates and then recover; stocks with negative earnings perform well on earnings announcement dates and then perform poorly B. Stocks with positive earnings perform well on earnings announcement dates and then continue to do relatively well in the future; stocks with negative earnings perform poorly on earnings announcement dates and then continue to do relatively poorly C. Stocks with positive earnings surprises/news perform poorly on earnings announcement dates and then recover; stocks with negative earnings surprises/news perform well on earnings announcement dates and then perform poorly D. Stocks with positive earnings surprises/news perform well on earnings announcement dates and then continue to do relatively well in the future; stocks with negative earnings surprises/news perform poorly on earnings announcement dates and then continue to do relatively poorly E. There is no difference in the performance of positive earnings surprises/news stocks and negative earnings surprises/news stocks on earnings announcement dates