Why did the stock price of Pfizer company decrease yesterday when it announced increased quarterly earnings?

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18-12-2020
Business

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Why did the stock price of Pfizer company decrease yesterday when it announced increased quarterly earnings?

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adrianabazan adrianabazan · Answer 1 · 2020-12-18T23:41:27+01:00

adrianabazan adrianabazan

18-12-2020

Answer:

The prices of shares of a company can increase even after reporting a bad quarter earnings because investors expect a turnaround in its future earnings.

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