Reporting Archive

Apr 01, 2020
How Covid-19 is affecting earnings guidance and dividend payments
Covid-19 has led to unprecedented levels of volatility, complexity and uncertainty for issuers, investors and investment banks. Accordingly, issuers are updating or suspending financial guidance they had previously published, and deploying a range of conservative capital allocation strategies, including cutting or suspending dividends and share buybacks. IR Magazine is working with Intelligize, a Lexi...
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Mar 31, 2020
How banks should prepare for first-quarter earnings in light of Covid-19
Given the rapid acceleration of the Covid-19 pandemic, the first-quarter 2020 reporting season will be the most challenging period for banks since the Great Recession.  Management teams will likely face many questions they have never been asked before as the investment community attempts to assess the current and future impact of the Covid-19 crisis on their companies. Based on our discussions ...
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Mar 27, 2020
Slack CEO lifts lid on earnings amid Covid-19 in tweetstorm
Stewart Butterfield, CEO of work collaboration tool Slack, has given social media an inside look at last week’s fourth-quarter earnings call through a string of updates on Twitter.  The 40-odd posts – published simultaneously in what is known as a tweetstorm – catalogue Butterfield’s thoughts and actions over the last two weeks as he led his company through the growing spread of Covid-19. ...
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Mar 23, 2020
FCA asks UK issuers to delay results amid Covid-19 disruption fears
UK regulator the Financial Conduct Authority (FCA) is asking British firms to delay publication of preliminary results for at least two weeks in response to business disruptions triggered by the Covid-19 crisis in the last couple of weeks, reveals the authority in a statement published last week.  On March 21, the FCA sent a letter to listed companies based in the UK, requesting that firms due to present preliminary financial statements in the upcoming days should ...
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Mar 20, 2020
What if a fire alarm sounds during the earnings call?
Mark Chyc-Cies, vice president of strategy, planning and investor relations at Gibson Energy If people say an earnings call is part art, then it’s also fair to say that the show must go on. And while the audience would likely appreciate that ensuring everyone’s safety is the top priority in such an instance, I would not be surprised if that alarm began to ring just after the top-ranked analyst asked a pointed question that is also front of mind...
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Mar 19, 2020
Canadian regulator provides regulatory filing extension due to Covid-19
The Canadian Securities Administrators (CSA) – the umbrella organization for regulatory bodies from 10 provinces and three territories – has offered an extension on regulatory filings for market participants including issuers and investment funds. On March 18, the CSA released a statement saying that eligible market participants could have a 45-day extension to filings d...
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Mar 19, 2020
Investor communication in the face of Covid-19
With financial markets in free fall amid the ongoing coronavirus crisis, companies are increasingly barraged with one-off calls from analysts and investors seeking information that can be difficult to provide within the confines of Regulation FD. At the same time, as this is a crisis without a clear playbook, timely information has never been more important to investors than it is right now.  With this in mind, we reviewed some best practices and practical s...
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Mar 06, 2020
How global companies communicate Covid-19 with investors
The past few weeks have seen extreme volatility in the world’s capital markets, driven by the uncertainties surrounding Covid-19, the strain of coronavirus that is rapidly causing global anxiety.  The past 10 days have seen the Dow Jones Industrial Average post record declines and a record rise. It is hard to exaggerate the scale of market volatility, with trillions of dollars in valuation removed then added to company market capitalizations. Investors responded ...
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Feb 25, 2020
Extreme language on earnings calls has positive result, study finds
Investors appear to interpret companies’ strong language on quarterly earnings calls as a positive sign for future earnings and sales, reveals a combined study from the University of Miami, the University of Texas and the Georgia Institute of Technology. By contrast, moderate language is associated with weak future performance, finds the research, which is written Khrystyna Bochkay of the University of Miami, Jeffrey Hales of the University of Texas at Austin, an...
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Feb 21, 2020
FRC calls for coronavirus business risk disclosure amid revenue warnings
UK regulator the Financial Reporting Council (FRC) has advised British companies to outline the full extent of the risk posed by the new coronavirus, as companies around the world issue warnings about the virus’ potential impact on their quarterly earnings. The FRC recommends that UK firms with operations or manufacturing in China disclose the extent of risk to their business and the quantifiable impact on their year-end reports, as the accounting year ends on A...
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