Executives and analysts often do a bit of a dance on the conference calls after a company reports earnings. Management wants to highlight everything that is going well and analysts are focused on what numbers to punch into their spreadsheets. If there are surprising numbers, management often explains them away by blaming the weather, holidays, or some other completely normal occurrence. However, they rarely take credit when those events benefit the company.
A perfect example is Inari Medical (NASDAQ: NARI) . The stock is down 24% since its recently reported earnings, on weaker growth. It's fair to say there was at least one big surprise in its explanation. Reviewing previous statements, it's easy to see why analysts may be confused by management's excuse.
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This Healthcare Company Just Shocked Its Investors