The postponement announcement sent jitters through the market and the stock declined 16% in anticipation of the re-scheduled earnings announcement.
Instead of announcing earnings, as previously scheduled before the market opened MAR 14, 2019, NII Holdings Inc. announced that they are postponing their earnings release until MAR 18, 2019 before the market opened.
The stock declines 12.8% from the announcement of the postponement to the low on the revised earnings announcement date.
The stock continues to fall after the market gets going, and from the close of the first half-hour to the low of the decline, the stock shed another 13% of its value.
Following the revised earnings postponement, LECO gapped higher at the next day's open and continued to rally by 2.1% to the day's high.
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