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At 4.30am we stood with Rafael by the gate and as headlights approached, he stepped out, waving his torch like a ground crewman guiding down an aeroplane.
"In some respects there was a little bit of guiding down the December quarter, but potentially they guided up the September quarter" said William H. Steele, a household products analyst at Banc of America Securities.
Iowan Smith, a strategist at Knight Capital Europe, said the picture was worse than it seemed because many companies have been guiding down expectations or cutting costs to meet forecasts on results day.
And while it's not my place to give the governor any forward guidance, he can probably look forward to a testing inquisition from MPs. They'll be demanding answers on exactly why Carney, after months of guiding down expectations of a rate rise, used his Mansion House speech two weeks ago to warn that they could actually rise sooner than expected.
After guiding down revenue expectations for the first quarter, optical equipment firm Ciena announced two acquisitions and said that second quarter revenue would be in-line with estimates.
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In one call about forthcoming results from a technology firm, Akamai, Ms Chiesi tells Rajaratnam: "They're going to guide down.
The profit warning is the second time in less than four months that Carpetright has been forced to guide down City expectations.
"They're going to guide down," she told Mr. Rajaratnam, according to a recording of their conversation played in the United States District Court in Lower Manhattan on Monday, referring to Akamai's plans to lower its earnings guidance.
"Tech had gotten whacked," said Needham & Co. analyst Robert Maire, "given AMD guided down, which sent a chill through the semis.
For the third quarter, Tyco guided down to a range of 58 cents to 62 cents per share before charges well below the current First Call/Thomson Financial consensus estimate of 81 cents.
Ordinarily, a student with Mr. Kelly's aptitude would have been guided down a more academic track.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com