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  • Wall Street Breakfast: Must-Know News [View article]
    I read that 2/3 of companies reporting so far have beat estimates. And yet a vast majority of these reported losses or lower earnings and significantly reduced revenue. Beating estimates in this climate seems to me to be more a critique of they analysts' estimates (they were excessively pessimistic) than the positive spin it implies, that companies are doing better than expected.
    Apr 30 08:09 am |Rating: +10 -2 |Link to Comment
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