Journal of Financial Economics

Slow Motion Earnings Revisions on Wall Street

Response Times Range from 9 Minutes to 5 Days

Speed matters on Wall Street, but information processing delays can range from 9 minutes to nearly five days when news triggers a revised earnings estimate for a publicly traded company. Research from the University of Maryland’s Robert H. Smith School of Business explains the range in revision processing times and confirms the value of companies that collect information from individual analysts and distribute consensus estimates to investors.

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Robert H. Smith School of Business
Map of Robert H. Smith School of Business
University of Maryland
Robert H. Smith School of Business
Van Munching Hall
College Park MD 20742