Hey guys,
I tried asking AI why IBM released earnings early and I get the response, "to explain a significant performance shortfall to investors."
I don't find that a satisfying explanation and am hoping this sub could help.
Is it normal to do an early release if your earnings aren't great? I haven't seen that happen before. Is it to give investors extra time to read the release before the conference call? Or some other reason?
I guess I don't see much difference between releasing early and just waiting for the official date.
I don't own any IBM and don't intend to. It was just in the news and I was curious about why early releases happen.
Thanks