Beat By A Penny
December 31st, 2007 by 
reality
In order to keep the hype going, analysts are quietly taking down their profit estimates so that companies can “beat by a penny” as they always do. Reuters reports:
Projections for S&P 500 companies’ fourth-quarter earnings swung to a 6.1 percent drop on Monday from an 11.5 percent rise on October 1, in the biggest quarterly move since Reuters Estimates started compiling analysts’ forecasts in 1999.
Posted in Rogues and Rascals, Stocks | 