Time Will Tell: Digging for Gold in Firm-Initiated Adjustments of Earnings Reports
Oct 27, 2014
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By Charles Sherry, MSc
Companies maintain discretion over the actual release date for their quarterly profit report. That raises the question, “Is a shift in the date simply an innocuous change, or does the firm have material reasons for adjusting the news release? And can profitable investment decisions be based in these highly visible changes?” The answer appears to be a resounding yes.