18 Jan 2002 Earnings Time Again
Posted at 16:24h in The Friday BriefEarnings season stirs the market like few other forces, but especially in these times of economic uncertainty. Investors and analysts hang on every word uttered as managers discuss their results for the quarter and hint at what their future might bring. Body language, pauses, annunciations, and emphases are all noted and endlessly scrutinized. Early in the week, the news was decidedly negative as Intel, Juniper Networks, and RF Micro, followed by General Motors, JP Morgan, and others disappointed with their earnings releases. Then on Wednesday afternoon, the tide shifted with positive earnings news from Advanced Micro, Compaq, Symantec fueling the evening market programs. On Thursday, the markets turned positive, reversing their four-day slide.