A broad range of earnings estimates could be defended as reasonable.
Monsanto maintained its 2010 free cash flow and earnings outlook at a range of $400 million to $500 million, with earnings ranging between $2.15 per share to $2.41 per share, and between $2.40 per share and $2.60 per share on an adjusted basis.
Last year, Ms. Rice and her husband earned between $7,500 and $25,000 on their investments in TransCanada, according to financial disclosure forms (which require officials to provide only a range of investments and earnings).
Macy's already raised its full-year 2010 guidance on April 27, to same-store sales growth in a range of 3% to 3.5%, with earnings per share of $1.75 to $1.80, and said it is premature to hike guidance further at this time given macroeconomic uncertainty.
That could save the company about $275 million from 2015 to 2018, based on a range of Wall Street earnings projections, it said.
Previous executives had been awarded bonuses based on a range of performance targets including earnings per share and return on capital.
And it has partnered with a British sex toy company, which donated a percentage of earnings from a range of products to TPP.
UPS projects second-quarter profit in a range of $1.00 to $1.05 per share, compared with earnings of 97 cents a year ago and analysts' consensus estimate of $1.05 per share.
Mr. Hickey points out that for years, as Intel had a virtual monopoly producing a highly specialized product, its shares traded in a range of 10 to 15 times earnings.
