Deshpande, Shreesh; Svetina, Marko - In: Managerial Finance 37 (2011) October, pp. 1190-1212
local newspaper announcements are compared to those from earnings surprises based on financial analysts' forecasts (I … positive earnings surprises, but the earnings surprise based on financial analysts' forecasts is negative. This result remains … suggest that the results of empirical research on the information content of earnings surprises based solely on analysts …