RE:RE:MATERIALLY BETTER THAN PREVIOUSLY EXPECTEDrad10 wrote: I like their transparency and loaded up. Interesting to see what materially better actually means.
Q1 earnings were $1.20. In May they said the Q2 loss would likely be higher than the earnings for Q1. So in May the were saying a loss of more than $1.20 for Q2. I wouldn't qualify a loss of $1.19 as materially better than $1.2, so I would expect a loss of less than $1, for Q2. Then they said: "Although still clearly not a profit, the second quarter loss is not as deep as originally expected". I don't think they would say "clearly not a profit" if they were expecting a loss of less than $0.20. So I am expecting something between a loss of $0.20 and $1.
Given that this is not a structural thing, that these loses will go away when the virus goes away, for me it doesn't make much of a difference in the long run whether the loss is $0.20 or $1.
So yes, of course it will be interesting to see the Q2 results. But I don't expect the results to make much of a difference when they will be announced.