Net profit up 40 percent.
Your share of it up 12.
40
What net profit grew on the headline . pct
vs
12
What earnings per share actually grew . pct
A friend texted me a results screenshot last night. Profit up 40 percent year on year, he said, why is the stock flat. I asked him to pull the share count. The company had grown the pie. It had also quietly cut it into more slices. His slice grew 12, not 40.