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Stock impact report

Some CEOs are abandoning the sacred tradition of predicting quarterly profits for Wall Street [Yahoo! Finance]

Delta Air Lines, Inc. (DAL) 
Last delta air lines, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.delta.com
Company Research Source: Yahoo! Finance
In response, some CEOs are abandoning the sacred tradition of predicting quarterly profits for investors and Wall Street analysts to obsess over. Those CEOs may soon wish they had made the change long ago. The trend is spanning quickly across industries. “We do not expect most tech companies to give any guidance on the 1Q conference calls over the next month including Apple ,” Wedbush analyst Dan Ives wrote in a recent note to investors. The reason: “too much uncertainty.” CarMax told investors its financial goals remain the same, but it scrapped its timeline for reaching them because of “the potential impact of broader macro factors.” Delta Air Lines has withdrawn its entire 2025 performance guidance because, as CEO Ed Bastian said, “the level of uncertainty” is “a bit unprecedented.” CEOs of those and other companies, freed of ginning up quarterly profit predictions, may realize that profits are unpredictable all the time, not just amid extraordinary uncertainty. So why try to f Show less Read more
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