Apr. 11 at 7:20 AM
$LQDA
Back in January, we saw an early Q4 revenue PR on the first Friday of the quarter. The bid over the last few days was clearly betting on a repeat performance for Q1 today, but since that didn't materialize, we're seeing the "expectation trade" unwind.
That said, the window isn't closed—management still has the opportunity to drop some preliminary figures at next week's conferences.
Ultimately, the timing is secondary to the results, which are expected to be fantastic whenever they land. Ignore the short-term noise and stay the course.