Daily Archives: May 26, 2023, 8:37 am

Corporate Earnings Forecasts Accurate Only 30% of Instances – Bloomberg

More than three out of four financial professionals said there was a strong likelihood that their companies’ earnings would fall within the guidance they give to investors — but this only happens rarely, according to the researchers. The study surveyed 357 CFOs, investor-relations professionals and other executives at public companies in 2021. The paper finds that companies offer accurate guidance…

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Record $279 Million Whistleblower Award Went to a Tipster on Ericsson – WSJ

The record $279 million whistleblower award issued by the Securities and Exchange Commission earlier this month stemmed from a bribery case against telecommunications company Ericsson. The award from the SEC’s cash-for-tips program was related to the $1.1 billion settlement the Swedish company reached with U.S. authorities in 2019 over allegations it conspired to make illegal payments to win business in…

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