Preannouncement Quotes

We still are going to suffer. We are well on our way to a record quarter in terms of negative preannouncements. - Chuck Hill

We believe that industry sales have been quite weak since Take-Two's late October negative preannouncement, primarily due to consumer malaise and a shortage of Xbox 360 hardware... Given weak November NPD sales and Electronic Arts' and Activision's recent earnings warnings, we believe that Take-Two likely experienced weak sales during the holiday period, as consumers continue to shun current generation games while waiting for next generation consoles. - Michael Pachter

We believe investors need to wait to buy the stock until the market better understands if and when Intel's aggressive pricing strategy, which we believe in part caused this preannouncement, begins to have a negative impact on AMD's fundamentals. - James Covello

This preannouncement was not a total surprise. We had already lowered our numbers twice over the past 2 weeks. - Mike Wallace

The market is plagued by warnings. There have been over 500 negative preannouncements in the last four to five weeks. - Larry Wachtel

Overall, the preannouncement environment is still positive but if this round of warnings continues, that's a red flag. - John Butters

Our downgrade is based on the company's preannouncement for contract revenue of $1.25 bilion-$1.3 billion. Our estimate was $1.65 billion. - Chuck Phillips

My sense is that the market is not particularly surprised by the weakness in Morgan Stanley's preannouncement. It's been pretty well forecast. - Christopher Bingaman

McAfee's fourth-quarter preannouncement had a bark that may ultimately prove to be worse than its bite. With some time to digest and the stock already trading at a significantly discounted valuation of just 8 times enterprise value-to-adjusted free cash flow, we see room for recovery. - Sarah Friar

It's been a more typical September than I expected. Earnings preannouncements have been disappointing, and surprisingly so, and economic news has been disappointing, and surprisingly so. I expected September to be on the strong side because the year overall has been so bad. - Jim Waggoner