Next the analysts will all start downgrading . . . . boom, boom, boom, boom. The stock will take a hit on each downgrade. If we're lucky, 3 or 4 will do it all at once tomorrow or the next day and get it over with.
I am stunned at how the earnings can go to hell so fast. There's no guarantee things will be back on track in the 4th quarter -- this could continue (I'd guess only 20% chance, though, because they will definitely take corrective action). If the earnings don't bounce back, the expansion plans will be the next thing to be scaled down, which will further deflate whatever's left of the P/E after tomorrow's bloodbath.