A copy of this work was available on the public web and has been preserved in the Wayback Machine. The capture dates from 2005; you can also visit the original URL.
The file type is application/pdf
.
Revenue Growth and Stock Returns
2002
Social Science Research Network
This paper examines the relation between revenue surprises and stock returns. It also investigates how the market updates its earnings expectations following announcements of revenue surprises. The results indicate that the stock price reaction on the earnings announcement date is significantly related to the magnitude of revenue surprises, after controlling for earnings surprises. I also find a significant relation between analyst forecast errors and revenue and earnings surprises. In
doi:10.2139/ssrn.314962
fatcat:swr535sdgzgm7owtrvd4gkvv4y