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82% of companies have cut earnings guidance for the second quarter–is this more than just the usual “set the bar” low?

The forecast from earnings observers such as FactSet is that second quarter earnings will show a 2.5% drop from last year. So what does the average, reasonably smart CEO do? He or she goes to the Wall Street playbook and cuts guidance so that when earnings are actually reported, the company can beat estimates. Second […]

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