Misleading Earnings Reports Message Board

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Strategies & Market Trends : Misleading Earnings Reports

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To: Fundamentls who wrote (28)	10/19/2000 8:07:41 PM
From: Win-Lose-Draw	Read Replies (3) of 53

Nice thread. I don't know if this is more horrible reporting or misleading "guidance", but here are some excerpts about MSFT... For the three months ended Sept. 30, Microsoft earned $2.21 billion, or 40 cents per share, up from $2.19 billion, or 40 cents per share, in the year-ago period. Earnings up but EPS unchanged? Followed closely by this classic... The results, released Wednesday after the close of regular trading, surpassed expectations of Wall Street analysts surveyed by First Call/Thomson Financial, who were predicting [of] 41 cents per share. How can they say MSFT beat expectations when EPS came in under expectations?!?! What did this reporter do, cut-n-paste directly from the MSFT spin? Somebody is getting played.

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