TheStreet.com’s Marek Fuchs points out Saturday that coverage this past week of Google’s earnings failed to provide historical context in that it didn’t tell investors that the company doesn’t provide earnings guidance and that many of the stories failed to indicate the company’s performance in beating analyst estimates.
Fuchs wrote, “As you probably know, however, The Business Press Maven is constantly whining about how this paint-by-the-numbers reporting leaves investors unenlightened about historical perspective.
“Here, Investors Business Daily went halfway. They told us that Google had only disappointed once, and even let us know when that was. Good work.
“Now … why, if they did that, is their news desk currently crying into their keyboards over the ‘Back of the Hand’ that I gave them?
“Easy — the reporter did not give us what, in the end, qualifies a legitimate better-than-expected. To wit: did the company tweak numbers in the days and weeks leading up to the announcement? Yes or no? Are they managing expectations like a deranged stage parent (or, in my case, softball dad) so that they can appear to surpass them? Yes or no? Answer, plebe, answer!”
Read more here.
NPR seeks a Technology Reporter who will focus on how the tech industry shapes our lives…
The Society for Advancing Business Editing and Writing has launched a retiree membership. A retiree…
Tim Healy of The Drum interviewed Fiona Spooner, the managing director of consumer revenue at…
Mike Gruss, the former editor in chief of Defense News, has been hired as chief…
Jude Marfil, newsroom operations manager for The Wall Street Journal in its Washington office, was…
Tristan Greene, deputy U.S. news editor at cryptocurrency news site CoinTelegraph, is leaving next month…