Resources for Sarbanes-Oxley (SOX)

Companies clamming up on profit forecasts

seattletimes

In the past three years, the number of earnings forecasts by public companies has fallen steadily, according to Thomson Financial.This could lead to more earnings surprises — figures that far surpass or lag analysts' estimates — causing stock prices to gyrate.It also means investors may want to look more closely at analysts' reports, preferably several, to gauge a company's prospects.The drop in forecasts comes after a 2002 federal law, Sarbanes-Oxley, which made companies cautious about issuing information outside of quarterly reports.

View the Resource

Share or bookmarklet this web page at: