Is anyone able to explain why BHI stock price would increase after the earnings report said that it lost $159million in Q3 plus a loss of 36 cents per share? What am I missing?
3 replies (most recent on top)
Well here's hoping BHI loses $250 million in Q4 so the stock price gets pushed even higher.... !
Results surprisingly beat analyst expectations, even despite the loss which is lessened if you remove the one off costs of the severance packages and merger costs ect. BHI actually expanded in a few key areas too, it's all in the details not the headlines.
Why would they report a loss they laid off 20,000 is the only increase in revenue what a joke