Bloom Energy reports earnings tomorrow, its first since completing an IPO in late July. Besides the financial results, investors will be watching to see how the CEO copes with the spotlight. His debut wasn’t encouraging. In an interview after the IPO, CEO KR Sridhar said the company was profitable on a GAAP basis as of […]
Warren Buffett and Jamie Dimon are at it again. The pair joined forces today on a WSJ op-ed to call for an end to earnings guidance. Is this really the best advice they have to offer given the issues that dominate boardrooms today?
With the stock touching levels last seen 20 years ago, this isn’t the transition GE shareholders were hoping for. But it is also a warning of what could be in store for another iconic conglomerate when its long serving CEO steps down.
Government task forces suffer from a bad reputation. Stuffed with members who have big titles but little appetite for hard work, such groups often are formed to bury an issue, not promote it. But the Task Force on Climate-Related Financial Disclosures (TCFD) is an exception. Its report, issued in late June, is substantive and serious. […]
It seems underperforming CEOs have a new life preserver: Brexit. Britain’s vote to leave the EU in June certainly caught companies off guard. Six months on, has Brexit begun to take a toll on profits, or is it just an excuse? GM offers an answer.
Goldman Sachs released its quarterly results last week over Twitter, abandoning the news distribution services it had used since becoming a public company in 1999. It’s welcome news for Twitter, which could use the boost, but not for Businesswire and PRNewswire, the two giants in the news services industry. Silence from the SEC suggests more […]
Congratulations, you’re a public company. Now what? An IPO is a crowning achievement for a company and its management, the fruit of much hard work. But being a public company can present challenges they might never have faced before. We have created some guidelines – called The Ten Commandments of Investor Relations for Newly Public Companies – to […]
Lumber Liquidators is getting nailed. An investigative report on 60 Minutes accused the company of selling unsafe laminated flooring. A predictable fall in the company’s share price ensued. But rather than mount a defense, Lumber Liquidators has been mostly silent. That’s making a bad situation worse.
The first earnings announcement for a newly public company is often traumatic. Just ask Dick Costolo and the team at Twitter, which saw the company’s shares plummet 20% after announcing results yesterday. A glorious IPO a few months ago made being a public company seem so easy. Now what?
I’m all for improving corporate earnings announcements. But the push by Yahoo, Netflix and other companies to broadcast their earnings from a television studio, complete with a borrowed cable-tv newscaster, is a triumph of style over substance.