Question for anyone: If they miss analyst expectations, aren't they
required to warn the street as soon as they know, i.e. weeks ago? It used to be public companies would warn ahead of their reports, they called it "confession season". Why would that change, isn't it a requirement? Anyone know?
I think the rules in these markets are followed less thatn they were into 2008. Just look how the Crisis in 2008 was handled, underhanded money given to the banks beofre anyone else. The power that makes the rules are the banks and the Fed answers to them when they want to change the. In other words, there are no rules.
No - they have nothing to do with analyst expectations (at least legally) ... they guided to a much lower revenue number ($20.25B - $22.75B), and a huge range on earnings (-$1.07 to +0.67). As long as they come within that they are fine from a shareholder suit perspective. Analysts pumped the stock up over the past quarter (to a tune of 30% from 218-284) by taking the high end of that range ($22.3B in revs and $0.29 in EPS). Whisper is now at $0.33 .... So you can only be confident that they will not below $20.25B of revenue and less than ($1.07) of negative earnings.