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No Tolerance for Stragglers as Earnings Season Punishes Failure

Sarah Ponczek
No Tolerance for Stragglers as Earnings Season Punishes Failure

Going by the indexes, earnings season has been a snooze. Data from Wells Fargo Securities shows that in the day after reporting, companies that missed on sales have fallen 3 percent on average. Miss on earnings per share and the beating is an even larger 3.6 percent.