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Beating the Street is easy: Companies game the system to surpass earnings estimates

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Angsuman Chakraborty

Posts: 19816
Nickname: angsuman
Registered: Dec, 2003

Angsuman Chakraborty is the CEO and Chief Architect at Taragana
Beating the Street is easy: Companies game the system to surpass earnings estimates Posted: Oct 25, 2009 11:10 AM
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This post originated from an RSS feed registered with Java Buzz by Angsuman Chakraborty.
Original Post: Beating the Street is easy: Companies game the system to surpass earnings estimates
Feed Title: Simple Thoughts - Java and Web Technology Blog
Feed URL: http://tech.gaeatimes.com/index.php/feed/
Feed Description: News and views as a Software Architect and Entrepreneur on Java and Web Software.
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more images more images Beating the Street is an easy feat for companies CHICAGO — More than 80 percent of major companies reporting third-quarter results this month have beaten Wall Street expectations. So is business that good? No. Are companies gaming the system? Yes. Corporate America has a habit of low-balling the earnings forecasts used by analysts to determine [...]

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