“McKinsey inquiry shows that equity analysts have been overoptimistic for the past allot century: on average, their earnings-growth estimates—ranging from 10 to 12 percent every year, compared with actual growth of 6 percent—were almost 100 percent too high. Only in years of strong growth, such as 2003 to 2006, at the time actual earnings caught up with earlier predictions, do these forecasts strike together the mark.”
[via McKinsey Quarterly]
- Stock Prices, Coal India Off 34% to 327.7 Rupees On Debut
- Taylor Devices Announces Second Quarter and Six Month Results
- Netflix Passes All Goals, Except The Most Important (NFLX)
Coal India Ltd No. 1 producer worldwide of the fuel, jumped on its first trading day in Mumbai. Climbed to 34 percent after selling 152 billion rupees (3.4 million) of shares at the upper end of market prices. The action, which opened at Rs 291 has risen to 34 percent to 326.50 rupees and 324.75 rupees
- Taylor Devices, Inc. (Nasdaq SmallCap: TAYD) announced today that it had 2nd quarter sales of $4,525,002, up from last year’s 2nd quarter sales of $3,488,797. Sales for the 1st six months were $8,801,825, also up from last year’s sales of $8,502,470. Net earnings for the 2nd quarter were $122,975, down from last year’s 2nd quarter
Netflix, Inc. (NASDAQ: NFLX) is acquirement hit in the after-hours trading session despite growth. The video-rent-roll giant made $43.5 million or $0.80 EPS, a secure of close to 35%, while revenues rose 27% to about $520 the great body of the people. Earnings expectations were $0.70 at Thomson Reuters, but the identical revenue estimates were