OK, some help from the more knowledgeable investors is requested please:
1) I believe NLS is in their "quiet period" right now, correct? 2) They have not warned they will miss their estimates - which I think they need to do before they enter the "quiet period" - or else senior management are subject to legal proceedings? 3) Therefore, if they in fact do post lower than expected results - without having warned -are they not then legally liable for breaking the law?
This conjecture - and I freely admit that this is what it is - leads me to my conclusion that the quarter's results are going to be good ones or at least in line with estimates?
>>if they in fact do post lower than expected results - without having warned -are they not then legally liable for breaking the law<<
No. Actually, we will witness more firms not providing any eps guidance - aided by the impetus of Buffett. Berkshire grants no guidance; Coca-Cola recently announced it will provide little to no eps guidance.
Last year Buffett got Coca-Cola (and his buddy at Microsoft) to expense options.
This is good news, since analysts (institutional or individual) should not be privy to "guidance". None.
drumnbass -- I don't believe that we can conclude anything for a few weeks yet.
flea is right: the reporting period hasn't even ended. Can't warn yet -- nobody knows what the numbers will be.
Management last warned April 7 for the quarter ended March 31 and July 9 for the quarter ended June 30. (For what it's worth, those were each more than a month prior to the corresponding quarterly report filings.) So maybe we'll hear something (good or bad) in the second week of October.
BTW I'm not aware of any legal requirement for the company to say anything at all about earnings before the Q3 report is filed (11/15 last year). Some companies don't.