Performance Food Group (NYSE:PFGC) reported quarterly adjusted earnings of $0.83 per share which beat the analyst consensus estimate of $0.75 by 10.67 percent. This is a 45.61 percent increase over earnings of $0.57 per share from the same period last year. The company reported quarterly sales of $13.90 billion which missed the analyst consensus estimate of $13.90 billion by 0.01 percent. This is a 8.26 percent increase over sales of $12.84 billion the same period last year.
Chevron’s Wild Week: Charting The Stock’s Ride On Dividend, Buyback News — And Q4 Earnings Miss
If a company offers up some good news the day ahead of an earnings announcement, it has to seem a bit fishy.
In other words, why not wait until the following day to alert investors of the planned announcement (earnings) and the other unknown news? Unless, of course, the company is anticipating a negative reaction to the earnings report.
