Excellent run-down of big tech earnings so far. The most comprehensive and sucint one I've read this week. I would add a 4th hypothesis to why analysts in tech are not really good - because of asymmetry of information, big tech can anticipate better what the next quarter will be. And when they guide really, they skew the analysts forecast ... and end up beating expectations. It is half art, half science. But when done right, it creates a lot of value to the shareholders.
Excellent run-down of big tech earnings so far. The most comprehensive and sucint one I've read this week. I would add a 4th hypothesis to why analysts in tech are not really good - because of asymmetry of information, big tech can anticipate better what the next quarter will be. And when they guide really, they skew the analysts forecast ... and end up beating expectations. It is half art, half science. But when done right, it creates a lot of value to the shareholders.