Investors Are Punishing the Stocks of Companies that Miss Earnings Expectations
1. CMG missed earnings expectations, leading to notable share price declines. 2. Average stock drop of companies missing earnings is now nearly 5%. 3. Overall S&P 500 earnings performance has been positive this quarter. 4. Investors reward for earnings beats has diminished amid macroeconomic uncertainties. 5. Market sentiment remains negative despite meeting or beating EPS estimates.