During the conference they explained the previous forcast of 1.58 was calculated at 17.5% tax, while the 1.82 is at 5% tax. To compare apples with apples: they increased outlook from 1.77 to 1.82 (both calculated at 5% tax)
Exactly!! That's what happened with the previous earnings too! Retailers wrongfully read the numbers and it opened low and, as the day progressed, it went up when the institutions started buying it! I loaded up this morning and now am waiting for the conference.