stock market research reports

Can anyone explain why VZ shares are UP 3.52%, when it lost earnings estimates?

I just started to invest in the stock market and am a little confused. Can someone explain this to me? For 2010 Q2, Verizon reported a net loss of $ 198 million, or 7 cents per share, down from earnings of $ 1.48 billion, or 52 cents per share, in the same quarter last year. Quarterly revenue dipped 0.3% to 26.77 billion U.S. dollars. Excluding redundancy costs, Verizon would have earned 58 cents per share. The company had been projected earn 54 cents a share, on sales of $ 27 million, according to the consensus of analysts polled by FactSet Research. SO, why actions rise by 3.5% instead of down?

I revised earnings estimates for 2Q2010 consensus presented by Bloomberg. The estimate was 0,558 per share the actual report was 0.58 per share. Therefore, it seems that many investors saw the report as a positive surprise. Estimates of income, the range was a minimum of 0.52 and a maximum of 0.59, so this report was decidedly toward the high side of estimates. While it is always a risky to guess intentions and the reasons why a stock goes up on the day of income, this seems to be due to a positive surprise.

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