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Ghost of Igloi
RE: DeFanged
From S&P on Q4 2015 Earnings:

"Takeaway stat: With almost three-quarters of the Q4 2015 earnings reported, 69.2% of the issues are beating estimates (slightly higher than the historical rate), as only 40.6% beat As Reported (GAAP) earnings estimates, and 48.2% beat sales estimates -> the current trend is that more companies are citing cost-cuttings, as special items increase (but nowhere near the EBBS, everything but the bad stuff, days of 2000-2), with the continuing story of sales not making their mark."

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