Definitions
from Wiktionary, Creative Commons Attribution/Share-Alike License.
- verb Present participle of
preannounce .
Etymologies
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Examples
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The season for reporting second-quarter profits starts next week, but companies might start preannouncing results soon.
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Consider the ratio of companies preannouncing weaker results to those preannouncing stronger results: it is double normal levels, and at its highest reading since 2001, according to Thomson Reuters, though that partly stems from fewer companies offering positive guidance nowadays.
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Mr. Klee and others nonetheless say that preannouncing a bankruptcy should be the exception to the rule, because it can startle trade creditors, customers and employees.
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Those preannouncing or giving advance warning include door maker Masonite International Inc., auto-parts supplier Lear Corp., cable giant Charter Communications Inc. and amusement-park company Six Flags Inc.
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Earnings forecasts have helped: Tech companies preannouncing second-quarter results have produced positive surprises 41% of the time, better than the 36% for the S&P 500, according to Thomson Reuters.
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There is also a sense that preannouncing a filing gives the company days or weeks to prepare customers, vendors and employees for the actual filing.
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Wells Fargo sparked a market rally on Thursday by preannouncing some choice first-quarter tidbits.
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The counterpoint began after Manzi criticized Microsoft for, among other things, preannouncing products years in advance and providing unequal access to operating systems.
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Dell's earnings report comes two days after rival Hewlett-Packard Co. surprised Wall Street by preannouncing a better-than-expected profit for its fiscal fourth quarter.
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International Business Machines Corp. surprised investors by preannouncing stronger-than-expected sales and earnings in the fourth quarter, leading to speculation that the U.S. economic slowdown may not be hurting technology companies as much as expected.
strev commented on the word preannouncing
it's merely preamble
April 6, 2009