When a Company Beats Earnings Estimates, Investors Just Don't Care

The market reaction to a company reporting better-than-expected earnings isn't as robust as it used to be. In fact, it can even be a negative reaction.

The negative trend was seen in this current second quarter reporting season, according to Andres Garcia, CEO of Zoe Financial - the first time since the second quarter of 2011. 

Recent examples include Walmart (WMT) - Get Report and Home Depot (HD) - Get Report but the technology sector has been bucking the trend, he said.

More of What's Trending on TheStreet:

• Just Because You Use Snapchat Doesn't Mean You Should Buy Snap Shares
• This Is Why the Federal Reserve Needs to Raise Interest Rates Again This Year
• This Ex-Domino's Employee Reveals Why He Left to Start a 'Better' Pizza Chain