$CSCO beats on earnings, guides revenue above consensus... and still dumps after hours.
Classic sell-the-news move. Market wanted perfection, got solid results, and decided that wasn't enough.
This is what happens when expectations run too hot into the print. Even when a company delivers, traders who front-ran the move take profits immediately.
Worth watching if this finds support or if the selloff accelerates into tomorrow's session. Sometimes these knee-jerk reactions reverse once the street digests the guidance properly.
Classic sell-the-news move. Market wanted perfection, got solid results, and decided that wasn't enough.
This is what happens when expectations run too hot into the print. Even when a company delivers, traders who front-ran the move take profits immediately.
Worth watching if this finds support or if the selloff accelerates into tomorrow's session. Sometimes these knee-jerk reactions reverse once the street digests the guidance properly.