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Juan Pablo Cafiero, Mr. Duhalde's deputy chief of staff, said on Friday that companies "that have earned a lot or are projecting big earnings in the future can make a special effort so that we can raise the 2 or 3 billion pesos needed" to meet the payroll and maintain spending on social programs.
But another big earnings flop will be punished severely by the markets.
"They are excited about having these big earnings, and they are forgetting the cultural aspect".
"Homeland," its American progeny, won eight Emmys for Showtime and big earnings for Keshet.
"Nobody's expecting big earnings," said Don Bright, partner at the proprietary trading firm Bright Trading.
Nonetheless, Wells Fargo's stock price actually dropped by a penny on the news of its big earnings gain.
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Thanks to hedging, trading volume and volatility are now bigger earnings drivers than the level or direction of markets.
"Investors are seeking out the biggest earnings gains," said Joseph V. Battipaglia, chief investment strategist at Gruntal & Company in New York.
Analysts said that may increase the pressure for bigger earnings, which may lead to tighter lending standards as banks try to prevent losses on loans.
Its manager, G.Kenneth Heebner, 64, said he looked for "companies with bigger earnings or faster earnings growth rates than investors had expected".
The damage will not be limited to the third quarter, although many companies, like insurers, will take their biggest earnings reduction in this quarter.
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CEO of Professional Science Editing for Scientists @ prosciediting.com