Typically, when a bad earning is to be announced, a company would save the layoff news after the earnings announcement as to save the executives' jobs. But this time, the downsizing news was pre-leaked; moreover, consequently, the share prices are driven down by a plethora of designed, bad news by 15% over the past few weeks. CEO or company spokeperson has said absolutely nothing whatsoever.
Predictions: The earnings are fine. May even be above lowered expectation, and a company share buyback may be under works (company is buying low, very low and later sell higher). During this earnings call, a formal buyback program may be announced. At which point, the share price will rise abruptly. This seems to me to be an innovated way to fortify the new CEO's leadership position. Yes, puns not intended.