Matt Levine, Columnist

Don’t Let a Robot Do the Earnings Call

Also crypto mark-to-market, trays of crushed limestone, WeWork leases, a new Sculptor bid, Citi Bridge and gardening leave.

September 7, 2023 at 6:03 PM UTC

By Matt Levine

Matt Levine is a Bloomberg Opinion columnist. A former investment banker at Goldman Sachs, he was a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz; a clerk for the U.S. Court of Appeals for the 3rd Circuit; and an editor of Dealbreaker.

Bad news.
Photographer: Westend61 via Getty Images

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Programming note: Money Stuff will be off tomorrow, back on Monday.

The way a public company’s quarterly earnings call generally works is that it puts out a press release with the earnings information, and then its chief executive officer and chief financial officer get on a call with analysts. The CEO and CFO give an introduction to the call, describing the quarter’s highlights, and then the analysts ask questions and the executives answer them.