Avg. Estimate 0.55 Avg. Estimate 15.80B Last Quarter they announced .51 EPS and Revenue of $16.04 Billion 4 out 5 companies beating earnings this season, talk about the need for more QE2!!!
They beat earnings. Another easy beat. .62 on eps and $16.2B on revenue Now we can add that to the other thousands of companies that beat earnings with no problem, nearly 85% of companies have beat earnings this quarter.
Dancing with earnings is the most obvious and simple example manipulation on US markets. Managers and analysts are involved in this process.