> The largest quarterly profit ever recorded by any company wasn't enough of a big win? I don't want to soapbox too much, but there is something deeply wrong with capitalism when you can be more profitable than any corporation that has ever existed and it seems like a letdown.
Of course it can. They didn't meet revenue estimates and advised that the current quarter is going to be much worse than expected. Wall Street [typically] values companies based on future expected earnings and there is constant pressure to increase growth. The same compound math that gives quickly growing companies lofty valuations works in reverse when your revenues are declining.
Of course it can. They didn't meet revenue estimates and advised that the current quarter is going to be much worse than expected. Wall Street [typically] values companies based on future expected earnings and there is constant pressure to increase growth. The same compound math that gives quickly growing companies lofty valuations works in reverse when your revenues are declining.