How 'Bout Them Earnings?
Even more impressive is the additional statistic that 34% of the companies that have already reported are in the financial sector, which has to be considered among the most earnings challenged in the current environment.
The beat rate will be an important trend to watch.
6 comments:
With only 11% reporting, it's difficult to judge anything from that stat - rather typical of Bespoke recently. And, of course, the companies have significantly talked down their earnings prior to the announcements. Still, a good start.
ya, but the problem is that they've lower the expecting ALOT going into the earning... so what if the beat rate is high, with PURPOSELY lowered expectation, of course you going to get alot of BEAT rate!
If they continue to lower the bar so low that Billy Barty trips over it then the "BEAT" rate will be reduced to being meaningless...
What everybody else said, plus . . . Merrill Lynch, Google and Microsoft . . .
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