Word: quartered
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...first big company to report earnings, Alcoa (AA), proved that the best guesses about how companies will perform this quarter will probably be true. Surprises will be scarce. Alcoa said that the first quarter would be a bad quarter. The company said it would lose money. In the first quarter, Alcoa lost $.59 after charges for discontinued operations. Reuters predicted that the loss would be $.54. This was close enough for government work. The stock dropped 3% after the announcement. In short, there was no shocking news because Alcoa made sure there would not be any. (See pictures...
...first quarter has been marked by almost no "earnings warnings." Companies that think they will miss either their own forecasts or those floating around on Wall St. traditionally tell the world that results will be worse than expected so investors can abandon their holdings a week or two earlier than they would if the company waited to put out results on its normal schedule. It is a perverse practice which is probably due to concerns by the SEC that a public corporation should not sit on really bad news any longer than possible. There have been very few warnings this...
...management with any sense is going to use the announcement of its first quarter earnings to say that the balance of the year will be better than expected. The general economic conditions are still so bad that trying to figure out sales in almost any sector beyond the next several months is a game of chance and a reckless...
...Citigroup trades at $2.72 now. All the harsh talk from bank analysts pushed the stock down by less than 5% yesterday. That means a lot of investors gave the alarmists little credence. Maybe they want to see Citi's first quarter earnings before they decide what the bank is worth. Since the stock is down from over $55 less than two years ago, no one is assuming that the bank is going to earn billions of dollars for the quarter. The question is probably how few billion it will lose...
...games midweek can really put a toll on our staff,” Walsh said. “But we’re going to have to muddle our way through.”The Huskies, like Harvard, are no stranger to extra-inning games. A quarter of Northeastern’s games this season—including three of the past five—have advanced into extra frames.At the plate, the Huskies are led by senior Mike Tamsin. The left-handed hitting third baseman leads the squad with a .375 batting average. Tamsin—who also leads...