Reed Plastics Just Announced the Earnings Per Share for the Quarter

question 59

Multiple Choice

Reed Plastics just announced the earnings per share for the quarter just ended were $.45 a share.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

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Definitions:

Carbonic Acid

A weak acid that is formed in solution when carbon dioxide is dissolved in water, playing a vital role in the buffering system of the blood.

Acid Base

Refers to the concepts in chemistry dealing with the balance between acids and bases in a solution, affecting pH levels.

Carbonated Beverages

Drinks that contain dissolved carbon dioxide gas, creating bubbles and fizz when opened.

Golgi Apparatus

An organelle in cells responsible for sorting, modifying, and packaging proteins and lipids for delivery to targeted destinations.