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Global Importers predicted that its earnings per share for the year would be $1.86.Today,the firm released its earnings report and the earnings per share turned out to be $1.99 per share.In response to the earnings report,the price per share of Global Importers stock declined by 3.4 percent.Explain how the market price can decrease when the announced earnings were higher than the firm predicted.
Technology Leader
An individual or organization pioneering in the development, utilization, and application of new technologies, setting trends in the industry.
Management By Objectives (MBO)
A management strategy where objectives are defined so that employees understand what they need to achieve.
Type Of Uncertainty
Refers to different situations in which the probability of outcomes or future events is unknown, common in business and economics.
Management By Objectives (MBO) Procedure
A performance management approach where managers and employees collaborate to set, monitor, and achieve specific objectives.
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