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Bank of America sharply cut its earnings view on Merrill Lynch, while JPMorgan Chase cut its annual earnings estimate for Bank of America, largely on expectations of more write-downs.
And how: Earth's top eatery chain also served up a hotter earnings view for the just-ended second quarter.
Microsoft's results topped Wall Street predictions, and the firm upped its earnings view for the full fiscal year ending in June.
Shares of Home Depot fell to their lowest level in nearly five years on Friday, a day after the biggest home-improvement retailer cut its earnings view; its biggest rival, Lowe's Cos., also slumped.
The Nasdaq was pressured a day after Texas Instruments gave a fourth-quarter earnings view that disappointed some investors who had hoped for a stronger outlook on signs of improving demand.
Prudential cut the second-quarter earnings estimate on Hewlett-Packard to 33 cents per share from 34, cut the fiscal 2004 earnings view to $1.40 from $1.45 and cut the fiscal 2005 estimate to $1.58 from $1.60.
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Goldman Sachs downgraded General Motors to "underperform" from "in-line," warning that the vehicle maker could miss earnings views "by a wide margin in either 2004 or 2005, and possibly both".
General Electric's earnings are viewed by some investors as an economic barometer because of the breadth of its businesses.
But in an industry where earnings are viewed as the overwhelming marker of status, it's safe to assume that the figure is more than a passing concern for the contenders.
"From an earnings point of view, drug companies want to treat as many people as possible," says University of Southern California oncologist Heinz-Josef Lenz.
Resolution of the conflicting interpretations of discontinuities is important because (1) it affects how investors, regulators, and scholars view earnings management and (2) it demonstrates the importance of a close linkage between theory and research design choices.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com