Skip to content
GetProfitable
Search
Dictionary

Pre-announcement

A company releasing results or revised expectations ahead of the scheduled date, almost always because the deviation from guidance is too large to hold back.

Disclosure rules require prompt release of material information, so a company that knows it will badly miss cannot wait for the calendar. Pre-announcements are filed on form-8-k, often before the open or after the close.

Negative pre-announcements outnumber positive ones and move prices more, because they arrive without the context of a full report or an earnings-call to soften them.

Example: Northwind Tools pre-announces after the close, cutting quarterly revenue expectations to about $196M from the $206M guided, with the full release still three weeks away. Shares fall 13% in extended trading.

Related: guidance-cut, form-8-k, earnings-report, earnings-miss

Educational only, not advice. Spotted an error? Post in Site Feedback.