Can someone explain to me why $ALTO crashed with a massive .13 beat and +200 surprise?
I'm so confused the Earnings report was beyond stellar based on the K-8 and the Earning calls.
If anything this should have been a massive gap up from the markets predicting a -.08 loss to a +.05 per share.
It looks like the Google and yahoo showings for the surprise is broken by sayin a revenue 5% beat with a a EPS miss showing -248.67 which is wrong because most reputable analyst are sayin a +200 EPS. Is this broken algorithm the reason its dumbing? should this massively correct? They actually posted a net profit outside of tax credits and hedging so the underlying business did great and H.C. Wainwright double their targets from 5.5 to 10 right before the opening bell
Can anyone please explain to me why this happened? is the market completely wrong or am I just dumb
I have 80 contracts and 1900 shares