And exceeding "projected number" of delivered Units that have been published (actually those are estimates), not real numbers.
And even that might not be enough. I am quite a newbie when it comes to trading stocks, I just started. I thought i can outsmart the "sheep" as i follow Tesla and Nokia closely and i know a lot about the companies and the products.
So NOK announced their Q2 results yesterday. They sold 4 million Lumia smartphones in Q4, 5.4m in Q1, and projected 7m for Q2. However they managed to over perform and sell 7.4m instead. On top of that they made 3x the non-IFRS profit they expected and IFRS loss is 1/7 of what it was a year ago. Great, stock should go up, right? Well guess what? "Analysts" have been expecting 8m units sold so they started beating down the stock saying "it did not meet analyst expectations". Then, magically, by the end of the day it regained all of its loss.
Now, i am not a conspiracy theorist, but when all smartphone sales data throughout the quarter from Samsung to Apple shows a decline in growth (not sales!) vs what those companies expected, why would analyst expect more Lumia sales than the company itself??? My guess is, someone made a lot of money on setting Nokia up to fail even if they over deliver. Than the also bought all the stocks at lower prices the same day.
I see a similar trend with Tesla. Analysts and investment companies with analysts playing their own little games, sending the stock down for a day or two, shorting it then buying in cheap. In both cases, for both companies, the stock movements are completely unrelated to actual performance.