From Mariah Carey to 10-month-old pizza sauce — here are the oddest things we heard during earnings season by Bob Bryan on Nov 29, 2015, 10:20 AM Advertisement
As of Friday, 98% of the S&P 500 had reported their Q3 earnings. Amid all of these announcements was a ton of webcasts and calls with analysts to discuss financial results and other things. These discussion usually focus on operations, industry trends, and the macro environments in which these companies do business. But sometimes, these calls slide into more informal realms. After listening to many of the calls and thumbing through many of the transcripts, we've compiled some of the oddest moments from this most recent earnings season. Check out the moments below, and thanks to Seeking Alpha for providing transcripts and webcasts of all the calls. Hotel executives make some pretty sweet calendar-based jokes. Companies typically only give predictions on next year's outlook during the fourth quarter calls that end the fiscal year. That didn't stop analysts from prying, constantly. Marriott's CEO and CFO, Arne Sorenson and Carl Bernquist had a great answer when Raymond James analyst Bill Crow asked about guidance for first quarter 2016. Crow: "Is there anything we need to be aware of for the first quarter of next year? Very difficult comps, maybe holiday shifts, anything else that might further delay this evidence that things are healthy?" Sorensen: "New Year's Day is on January 1 in 2016." Crow: "Yeah, yeah." Bernquist: "Easter will fall on a Sunday." That's one way to dodge a question.
A dedication straight out of a "Fantasy" American Airlines President Scott Kirby was celebrating his 20th year with the company on the day of the call, so JP Morgan analyst Jamie Morgan suggested that CEO Doug Parker dedicate Mariah Carey's "Fantasy" to his coworker. "Doug, I think it's only appropriate that you dedicate Mariah Carey's hit single Fantasy to Scott as it was the Billboard number one on this day back in 2005," said Morgan. He was a little off, the song came out in 1995, when Kirby joined American, but the oddly endearing sentiment stands.
If you want to know about what's next for power companies, just check out "Back to the Future 2." In "Back to the Future 2," Marty McFly and Doc Brown travel from 1985 to October 21, 2015. So on October 22, the CEO of American Electric Power decided to use the occasion to look back at where his company came from. "I am reminded that yesterday, October 21, 2015, was Back to the Future Day, the day that Marty McFly and Dr. Emmett Brown Time Travel into the future from the 1989 sequel to back to the future," began CEO Nick Akins who then went on to talk about the emission reductions from his company. "These are all examples of back to the future’s version of hoverboards and self-time sneakers, but all of this is to say that we believe AEP is uniquely positioned both financially and culturally to be successful during this huge transition that is occurring within our industry," he said later.
See the rest of the story at Business Insider |
0 comments:
Post a Comment