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Mixed year for corporate bond sales
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Tag >> earnings forecast
Nov 08

More good news about corporate earnings

Posted by Stephen Taub in S&P; 500earnings forecast, earnings, Cash

Stephen Taub

Perhaps the most encouraging piece of business-related news I have read in a long time was reported by Bloomberg this morning. It also probably explains why the stock market has been surging since the beginning of September.

The wire service reported that 198 companies lifted their earnings estimates above analysts' forecasts in October while 130 companies reduced them. Bloomberg said this is the biggest gap since it began tracking this data in 1999.

Jun 14

Lessons learned from SEC's Diebold case

Posted by Stephen Taub in Securities and Exchange Commissionsecfraudearnings forecastcompliance

Stephen Taub

The SEC's recent fraud case against Diebold should also serve as a warning to CFOs and other top executives of public companies about relying on internal memos to keep track of earnings progress, according to a recent client memo fired off by the law firm, Wachtell, Lipton, Rosen & Katz.

"Too often these reports can be used in hindsight to suggest earnings manipulation," the memo warns.

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