Word: beatings
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...expect this earnings season to do little to set the tone for the rest of the year. They assume that companies have been pounded into submission and that this has produced pessimism. In this climate, corporate management teams have decreased their forecasts to levels which they cannot fail to beat or match. It is like fixing a fight or a horse race, but it is legal...
...dropping forecasts to rock bottom, companies have taken some of the fun out of the guessing game that is played around earnings season. Firms may beat their forecasts, but most results will still be terrible by historical standards, so it will not be as if the market will cheer relatively poor performance on the back of predictions that cheat to the downside. Very few companies will show results that fall much below the market's worst guesses, which will bring some degree of comfort that earnings are not going from being the worst they have been in fifty years...
...guests show up for free, lured by the bewitching red light that signals ON THE AIR. For online news, you don't even need the guests or the camera. A paper, by contrast, has presses and trucks and lifestyle reporters; comic strips, critics and recipes; the DIY column, beat writers, the sports pages, an investigative team, the statehouse bureau, a squad of chin strokers on the editorial board and that older fellow who writes a "light" column that hasn't been funny for years. That's a lot of overhead...
...contest marks the fourth time in the last five years that Harvard and Northeastern will face off in the annual tournament, which is celebrating its 20th anniversary. Harvard’s last championship came in 2005 at the expense of the Huskies, and in 2006, the Crimson beat Northeastern, 8-5, in opening-round play.Harvard hopes to keep its bats going tomorrow after a 60-hit weekend, six of which left the yard against Cornell and Princeton.“[We] will take a good approach at the plate, look to drive the ball, look for good pitches...
...winning the second game 13-12 in 17 innings. Senior right fielder Tom Stack-Babich provided clutch hitting for Harvard in the second game, hitting a game-tying home run in the thirteenth inning, as well as the game-winning single.“Anytime we can beat Princeton—more importantly in a late inning game—it’s just something to build upon,” Walsh said, after the 513-pitch affair. “I don’t think there will be a game this year—no matter what...