This is a funny article about crazy things people in the finance world say.
Earnings don’t miss estimates; estimates miss earnings. No one ever says “the weather missed estimates.” They blame the weatherman for getting it wrong. Finance is the only industry where people blame their poor forecasting skills on reality.
And the next one:
Earnings met expectations, but analysts were looking for a beat.
If you’re expecting earnings to beat expectations, you don’t know what the word “expectations” means.