Reed Plastics Just Announced the Earnings Per Share for the Quarter

question 10

Multiple Choice

Reed Plastics just announced the earnings per share for the quarter just ended were $.45. Analysts were expecting $.51. What is the amount of the surprise portion of the announcement?

• A)−$.12
• B)−$.06
• C)$.06
• D)$.00
• E)$.03

---

Definitions:

Draws

In a financial context, it refers to a type of credit advance or salary payment made against future earnings or revenue.

Check

A written, dated, and signed instrument that contains an unconditional order directing a bank to pay a definite sum of money to a payee.

Impostor

An individual who deceives others by assuming a false identity or title, often to gain certain advantages, access, or to commit fraud.

Primarily Liable

Refers to the party that is first and foremost responsible for fulfilling an obligation or making restitution.