The market remains sensitive to weak forward outlooks and continues to punish those stocks that miss on revenues and beat on earnings. Today, ESRX, Z, and BSFT bore the brunt of that attitude, down -14%, -21%, and -11% respectively after-hours.
But not all is morose. EOG and CVI delivered great earnings reports and raised their forward outlooks, and the market responded positively, though not in as dramatic a fashion as the disappointers. Read more about What the Market Wants: After Tomorrow, Another Uncertainty Bites The Dust