13 Jun 2003 Profits Will Tell the Story
Posted at 16:50h in The Friday BriefDuring the next two weeks, as the second quarter comes to a close, we will hear from those corporations who wish to better prepare their shareholders for the actual results they expect to report later in July and August. The ‘pre-announcement’ season is typically used by corporations to soften the blow of bad earnings news. Pre-announcements can be vague and, therefore, cause a less a dramatic impact on the stock than the reporting of actual results might. At this point the companies themselves don’t know their final results, so they must be somewhat vague.