ejd99,
Like I said, it's all about ACTUAL vs EXPECTATIONS: Since the analyst expectations are already factored into the SP, the relativity of actuals vs those expectations, and the effect of NEW information and OUTLOOK from the company is what drives the SP.
Here's THE AUSTRALIAN's take on the WES results:
'WESFARMERS FLAYED DESPITE BIG PROFIT
Shares in Wesfarmers plunged yesterday, after the mining, retail, energy, chemical and insurance conglomerate slightly undershot market expectations with a $1.535 billion annual profit and warned of a tough year ahead for its resources division.'
"SLIGHTLY UNDERSHOT MARKET EXPECTATIONS:" That's all it takes in the current market.
huge profit increase for wes, page-16
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Last
$71.41 |
Change
0.030(0.04%) |
Mkt cap ! $80.56B | |||
| Open | High | Low | Value | Volume |
| $70.95 | $71.45 | $70.51 | $21.33M | 300.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 142 | $71.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $71.42 | 921 | 14 |
View Market Depth
| Last trade - 13.18pm 30/07/2024 (20 minute delay) ? |
| WES (ASX) Chart |