2019 GAAP EPS guidance is $11.75-12.75 (an unusually wide range) vs 2018’s $10.26. The midpoint of the 2019 guidance range ($12.25) represents 19% growth vs 2018, but investors were evidently expecting even more at this point in the cycle.
“The efficient-market hypothesis may be the foremost piece of B.S. ever promulgated in any area of human knowledge!”